IRN/USA parent files Chapter 7 bankruptcy

Posted on August 19, 2016 by Fred Stiening

Chapter 7 is liquidation, not reorganization.

Raleigh Business Journal

Debts of $1.5 million, and $1.06 in cash

USA Radio Networks was sold off a few months ago and that’s where Rusty Humphries landed.

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3 Responses to IRN/USA parent files Chapter 7 bankruptcy

  1. briand75 says:
    August 19, 2016 at 7:15 am

    Conservative-leaning? That’s a good one. How about we look at some Communist-leaning stations and owners? 🙂

  2. Fred Stiening says:
    August 20, 2016 at 1:09 pm

    A brief history that may be close to correct. IRN was mostly a top of the hour news service with a heavy load of news about the Middle East and stories of interest to Christians. USA Radio Network ran two channels – their best known product was a show called Point of View. It was a news / current events show started in the 1970s by a man named Marlin Maddoux. Maddoux was the founder of USA Radio Networks. He died in 2004 and his show was taken over by Kerby Anderson.

    In 2008, IRN and USA Radio combined operations and became IRN/USA. Hosts they syndicated included Chuck Morse, Jim Sumpter, Larry Bates (Owner of IRN), Laurie Roth and they played classical radio dramas in the evening. They had a morning news show called Daybreak USA that competed against America in the Morning and First Light.

    In 2013, IRN/USA ran out of time and money and filed for bankruptcy. Point of View ceased production. What was left was sold to a man in North Carolina who ran Cross Platform productions, which primarily ran the Christian News Service. That’s the entity that declared Chapter 7.

    The USA Radio “brand” was spun off in October 2015 for about $150,000 and the new owners put Rusty Humphries in charge of programming. Daybreak USA and Humphries are the only shows I’m aware of that they still produce and they have few affiliates. It’s possible the shows are on some commercial Christian Talk stations, but I don’t follow the schedules of religious stations.

    http://usaradio.com/

    The current owner is a 26 year old named Patrick Brown. His company is based in Anthem Arizona. He specializes in click bait web sites. Ten things you never knew about Jesus!!! His properties include Liftable, Conservative Tribune, Western Journalism, Tea Party News Network (the entire staff quit when he bought them) and Thoughtful Women. He has no interest in radio, just monetizing eyeballs.

    Any questions?

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