Latest news with #KDHX
Yahoo
4 days ago
- Business
- Yahoo
JOY! FM wins KDHX auction with $8.75 million bid
ST. LOUIS — Christian radio station 99.1 JOY FM is one step closer to owning KDHX, the 88.1 FM radio station, after offering a winning bid at an auction for the station on Friday. According to our partners at the St. Louis Post-Dispatch, JOY! FM topped Christian music network K-LOVE with an $8.75 million offer, beating out K-LOVE's $8.5 million bid. JOY! FM's bid won the right to buy KDHX's license, broadcast tower, and other assets after the radio station filed for bankruptcy two months ago. Big Give Back initiative turns parking lot into lifeline for tornado victims The offer for KDHX also includes an agreement to fund the station's transition to a high-definition radio station and an internet station, allowing the station to play its traditional styles of music. The Post-Dispatch reports that no other groups participated in the auction, including a coalition of former DJs and station supporters who would like to see KDHX remain over the airwaves under different management. In March, KDHX filed for chapter 11 bankruptcy, which stemmed from a period when the radio station lost 24 of its 80 volunteer disc jockeys in September 2023 due to firings or walkouts, impacting its revenue. A final hearing will take place on June 9 for a bankruptcy judge to determine whether to allow the sale. If the sale goes through without any objections from other interested parties, it may be closed within six months. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
16-04-2025
- Business
- Yahoo
KDHX supporters make plea to stop sale of station; JOY! FM joins bidding war
ST. LOUIS — On Wednesday morning, a court hearing took place regarding the sale of KDHX to Gateway Creative Broadcasting Inc., which owns two Christian networks, K-LOVE Inc. and JOY! FM. More than a dozen listeners and former volunteers for KDHX sent a request to a federal bankruptcy judge in an attempt to stop the sale of KDHX to K-LOVE Inc. ahead of Wednesday's hearing that could approve the final sale. In early April, KDHX, the 88.1 FM radio station, began broadcasting for a Christian network, K-LOVE, Inc., following the station's bankruptcy. Last month, the community radio station announced it had sold its FCC license and broadcast tower in an agreement signed with K-LOVE Inc. St. Louis Blues clinch spot in 2025 Stanley Cup Playoffs According to our partners at the St. Louis Post-Dispatch, Gateway Creative Broadcasting Inc., which also owns 99.1 JOY! FM, filed a motion in U.S. Bankruptcy Court on Monday offering to buy KDHX's assets for $5.5 million, which is over a million more than what K-LOVE initially offered. In March, K-LOVE agreed with KDHX to buy the assets for $4.35 million. The Post-Dispatch reports the price would increase to $4.85 million if the sale could be completed in less than 6 months and decrease to $4.6 million if it could be done in six months to one year. In a filing on Monday, Gateway said it had first offered to purchase the KDHX license and assets for the $5.5 million back in December. The letter of intent from December also included a $400,000 loan so the station could continue broadcasting until the sale was complete. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The Post-Dispatch reports that Gateway's filing on Monday included a $500,000 loan and said it would be equal to or better than the term of the loan made by K-LOVE. In March, KDHX filed for Chapter Eleven bankruptcy, which stemmed from a period when the radio station lost 24 of its 80 volunteer disc jockeys in September 2023 due to firings or walkouts, impacting its revenue. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
26-03-2025
- Entertainment
- Yahoo
End of an era? KDHX license, tower sold
Editor's note: This footage is from Feb. 15, 2025 ST. LOUIS – The end of an era is looking clear for longtime listeners of KDHX. Board directors of Double Helix Corporation announced its decision to sell its FCC license and broadcast tower today. An agreement was signed with K-LOVE, Inc, and the board claims it asked the U.S. Bankruptcy Court for approval. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now The board says this decision was in response to the evolution in the landscape of media while also maintaining financial independence. 'Careful thought was given to the decision to sell assets, and many factors were considered,' the corporation stated. 'Double Helix was able to negotiate an offer that exceeds expected market value at a time when the value of broadcast licenses is declining.' On March 11, KDHX filed for Chapter Eleven bankruptcy, which stemmed from a period when the radio station lost 24 of its 80 volunteer disc jockeys in September 2023 due to firings or walkouts, impacting its revenue. Despite the decision to sell the license, Double Helix reassured that KDHX will continue. '(This decision) is a transformation that allows us to continue our mission in new and sustainable ways,' the corporation shared. 'While we don't yet know all the ways we will do that, we look forward to a time of gathering input from volunteers, listeners, content creators and industry leaders to help shape this future.' Rapper GloRilla ends St. Louis show early after several fights break out Double Helix says that it can save over $500k, which can go to infrastructure repairs and support future projects. The corporation also noted that this transition allows the opportunity to reinvest in innovative programming, expand its digital presence, and foster community engagement. 'While the medium may change, our mission remains the same—to build community through media, driven by the voices, stories and creativity of those we serve,' Double Helix concluded. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
11-03-2025
- General
- Yahoo
KDHX files for Chapter 11 bankruptcy
ST. LOUIS – Community radio station KDHX has filed for Chapter Eleven bankruptcy, allowing it to continue operations while restructuring its debts. The filing comes after a tumultuous period for the station, which saw the loss of 24 of its 80 volunteer disc jockeys in September 2023 due to firings or walkouts, significantly affecting its revenue. In January of this year, 16 former volunteers filed a lawsuit against KDHX, adding to the station's financial and operational challenges. 'Just feces everywhere': Residents seek answers after sewer backup destroys basements Following these events, KDHX made the decision to let go of all its 115 volunteers and began airing pre-recorded shows from its archives. The future of KDHX remains uncertain as it navigates the bankruptcy process and attempts to resolve its financial difficulties. This article was converted into this format with assistance from artificial intelligence. All facts from this article were gathered by KTVI journalists. It has been edited and approved by KTVI staff. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
16-02-2025
- Entertainment
- Yahoo
Community rallies to ‘Save KDHX' as battle over station's future heats up
ST. LOUIS – The battle over the future of the community radio station, KDHX is intensifying. Just days after a St. Louis judge ordered the station to restore voting rights to some dismissed volunteers, the community protested outside of the radio station. Emotions ran high as former employees, board members, and community members rallied outside of KDHX, hoping to save their beloved radio station. They want new leadership to take over to prevent KDHX from going bankrupt. Supporters filled the street outside the station saturday, waving signs that read 'Save KDHX', as drivers honked in solidarity The group chanted for two hours, determined to make their voices heard. 'We are out here today because this is a treasured community institution that we are terrified we are going to lose,' said Courtney Dowdall, KDHX Associate Election Board Member. For many, KDHX was a hub for local musicians, artists, and businesses. Among those at the rally were longtime DJs, some of whom left in protest last year, and new hosts who stepped in to fill the vacancies. 'The current leadership has just let us down, so it's time for them to step down and let new leadership take hold,' said Caron House, former KDHX Radio Host. 'They shouldn't be able to walk outside of Saint Louis and not feel a deep sense of shame because this is not their station! This is our station,' said Andy J, KDHX DJ. ' We have a lot of community supporters as well! Lots of listeners here. Lots of people who were involved in the music industry know what a huge loss this would be if we didn't have this in Saint Louis,' said Dowdall. The rally was organized by L.O.V.E. of KDHX, a group raising funds to fight for the station's future. Their GoFund Me has now surpassed $35,000 of its $50,000 goal. 'People want us to be able to build a new board and build new leadership and revive KDHX to what it used to be' said House. A former host emphasized that KDHX has been a community staple for 38 years — and they will not stop fighting to save it. Fox 2 reached out to KDHX's Executive Board for comment, and we are still awaiting a response. Click here if you would like to support the L.O.V.E. of KDHX group in their efforts to save KDHX. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
