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Nassau Broadcasting Wins Extension to File Chapter 11 Plan

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Bankruptcy Judge Kevin Gross has granted Nassau Broadcasting Corp. an extension to file a creditor-repayment plan as it awaits regulatory approval to sell its radio stations, Dow Jones DBR Small Cap reported today. Judge Gross on Wednesday extended the company's exclusive right to file a creditor-payment plan through Nov. 30. Nassau has said that it needs the extension to complete the sale of its assets.