Rocking M Media and its associated companies that own 21 stations in central and western Kansas has filed for chapter 11 protection, Radio Insight reported. In the petition Rocking M claims $1,307,696.75 in assets and $22,365,886.40 in liabilities owed between its four holding companies. Bankruptcy attorney Sharon Stolte of Sandberg Phoenix & von Gontard, who is representing the company, told the Wichita Eagle that “We filed on Saturday, and we are hoping to reorganize. We will sell some of the stations that we find are not profitable, and we will reorganize the debt with the remaining stations.” The company is owned 1/3 each by Monte and Doris Miller and their son Christopher Miller. In its declaration the company blamed Christopher Miller for rapid expansion. He was removed from his position as company president in 2019, at which time he acquired four stations in its Salina cluster for the assumption of a $1,755,917.55 note.
