Miami Radio: James Crystal Files For Bankruptcy

Last week came news of payroll not being met for 75+ employees, now it's reported that several companies owned by radio businessman James Hilliard of Palm Beach County have filed for Chapter 11 bankruptcy.

According to bizjournals.com, James Crystal South Florida and James Crystal Inc. filed for Chapter 11 bankruptcy reorganization.

Crystal owns news talk WFTL 850 AM  and sports talk WMEN 640 AM, home of Sid Rosenberg and Orlando Alzugaray.

Both companies list liabilities between $10 million and $50 million.