This filing signals the end of the Rowe family’s 130-year ownership of the local media company, which developed a reputation for integrity, credibility and innovation in the Fredericksburg region and throughout the industry.
“The filing isn’t expected to have any immediate effect on the company’s employees, customers, advertisers or vendors,” FLS Publisher Nick Cadwallender said.
The primary expected change will be in the ownership of the company—whose assets include the newspaper, Fredericksburg.com, Freelancestar.com, Country WFLS 93.3 FM, Top40 WVBX 99.3 FM The Vibe, Classic Rcoker WWUZ 96.9 FM , and WNTX, Print Innovators, several real-estate properties in the city and a host of additional digital products.
|WFLS 93.3 FM 54dBu Coverage|
The FLS is now considered a debtor in possession, meaning it will continue to publish newspaper and Web content, operate radio stations and more as it restructures in bankruptcy court.
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