Suburban New York station owner Cantico Nuevo Ministry has sought Chapter 11 bankruptcy protection in federal court in Brooklyn, NY. The owner of the Spanish-language contemporary Christian network says in court filings that it has liabilities totaling $673,905with total assets worth $22,511. While the Erick Salgado-headed company owes money in back taxes and on unpaid credit cards, the biggest creditor listed is Win Radio Broadcasting, which Cantico says it owes $550,000. It had been operating WNYH Huntington, NY (740) under a time brokerage agreement with Win Radio Broadcasting. An additional $22,000 is due to Multicultural Radio Broadcasting. The court has set the first courthouse meeting for the creditors for Dec. 23.
The unpaid debt to Win Radio Broadcasting is likely what soured the relationship between the two companies, something that became public earlier this year when the FCC said it had received a complaint from Win Radio alleging Cantico Nuevo Ministry lied to the agency about whether WTHE, Mineola, NY (1520) had returned to the air last January in order to preserve its license. The station had been off the air after it lost the transmitter site it had been using, with allegations by WTHE owner Universal Broadcasting that Win interfered with efforts to secure a new lease with the site’s owner. The FCC ultimately fined Universal $5,000 and said once that it was paid it would approve the pending $200,000 sale of WTHE to Cantico Nueveo Ministry.
Despite heading for Chapter 11 reorganization, Cantico Nuevo Ministry has also signaled it has no plans to leave the business. In October it agreed to acquire WALK, Patchogue, NY (1370) from Connoisseur Media. The deal is structured as Connoisseur donating the license for WALK with Cantico Nuevo Ministry agreeing to pay $500,000 for the property where the WALK antenna and former studio building sit. The transfer also includes the construction permit for the Patchogue, NY-licensed translator W236DH at 95.1 FM.
Radio Cantico Nuevo already owns Spanish Christian WNYG (1580) and WLIM (1440) in the Long Island market. It also owns WCNM (103.9) in the Monmouth-Ocean, NJ market and WXMC (1310) in the Morristown, NJ market.