On July 17, 2009, Radio-Info.com announced that BMP would be seized by its banks after failing to make debt payments for two years.
[1] Ten days later, it was confirmed that Goldman Sachs Group, Vestar Capital Partners, and D.B.
[2] It was reported that President Jeff Hinson was expected to step down by July 31.
In October 2013, the last of BMP, the cluster in San Antonio, was sold to Larry Wilson's L&L Broadcasting for $31M.
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