CT School of Broadcasting Gets Second Life
May 25, 2009 9:31 AM
Hartford, CT - May 25, 2009 - The Hartford Courant reports that Dick Robinson, the original founder of the Connecticut School of Broadcasting, has been granted approval to buy back the bankrupt business and campuses in seven states for about $1 million. Robinson founded the school in 1964.
Robinson held a press conference on May 19 to make the announcement. He was joined by Attorney General Richard Blumenthal and Commissioner of Higher Education Michael P. Meotti. A Boston-based federal bankruptcy court judge approved the transaction.
According to the Courant, Robinson plans to reopen the schools in June 2009.
Robinson sold the school in 2006. In March, the owners closed all 26 locations and filed bankruptcy.
All 26 campuses are affected. While the school was facing challenges in the student loan market, the closure was forced by the school's lender, National City/PNC Bank....