|TRUSTEE & RECEIVERSHIPS|

Scott Savage is an accomplished and qualified professional with a strong understanding of the radio broadcasting industry along with the legal and regulatory environment surrounding it. Savage has a decade of experience managing trusteeships and court-appointed receiverships.

                                                                TRUSTEE 

• Appointed by the FCC or a court to oversee radio stations

• Controls stations' assets and operations in accordance with the terms of a Trust Agreement

• Assesses radio stations' financial situation and implements an operating plan

• Submits reports regularly to the FCC or a court to keep the parties informed of the stations' progress 

• Identifies a new owner and closes on the FCC license transfers

                                                                RECEIVER 

• Creditors allege that a debtor is unable to repay their debts or manage their assets effectively

• Creditors petition a court to designate a Receiver to protect the debtor's assets and manage them for the benefit of the creditors

• Takes possession of debtor's property and assets in order to pay creditors and reduce debt 

• Submits reports regularly to a court and keeps the parties informed of the stations' progress

• Identifies a new owner and closes on the FCC license transfers

                                                               EXPERIENCE

• Trustee for Luna Communications, LLC  (2010-2012)
  Senior Lender: Wells Fargo Capital Finance 

• Receiver for Tama Broadcasting, Inc.  (2008-2013)  
  Senior Lender: Fortress Investment Group