Gossip Extra at The Miami Herald is reporting that the 75 or so employees of the stations, both owned by local radio pioneer Jim Hilliard’ s James Crystal Radio Group, haven’t been paid since Jan. 1.
Among the unfortunate workers: High-profile talkers Joyce Kaufman (850) and Sid Rosenberg (640).
What’s up?
The stations’ GM says the holder of a $17 million loan managed to freeze the group’s bank accounts, so there’s no cash coming out for things like payroll.
“Mr. Hilliard’s been working from 6 a.m. to 10 p.m. daily to resolve the situation,” said GM Steve Lapa. “So far, the employees have only missed one pay period.”