Alberta · Receivership (court-appointed)
Third Report of the Receiver
Court officer report · 9 November 2026
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing13 verified
- cash on handnote: Receiver's bank accounts only; excludes operations of the Radio Stations. This is ending cash on hand after financing (net cash before financing 288,138 plus net Receiver's advances 280,555). · as at: 2026-11-06 · amount: 568693 · currency: CAD
- closing confirmedscope: the Alaska Assets under the Stalking Horse APA · outcome: completed · effective: 2026-05-20 · purchaser: Alaska First Media Inc. · date basis: stated · approval order date: 2026-01-20
- disbursementsnote: Total Disbursements per schedule; excludes Radio Station operations. Schedule header says CAD 000's but figures appear to be actual dollars. · since: Date of Appointment (February 21, 2025) to November 6, 2026 · amount: 1909337 · currency: CAD
- lawyerGunnar Benediktsson
- operational summaryAfter the Alaska assets sale closed on May 20, 2026, operations remain at 7 Texas radio stations, run as a going concern under Receiver supervision. The Texas assets are under a court-approval sale to GAP Broadcasting, with a time brokerage agreement in the interim; 3161 Channel Drive remains listed for sale.
- professional feesnote: Report does not state the Receiver's own fees separately. Amount is a disbursement line in the receipts and disbursements schedule; the schedule header says CAD 000's but the figures appear to be actual dollars, so scale is uncertain. Tax treatment not stated. · party: Receiver's U.S. legal counsel retainers, Realtor fees and U.S. notification service provider (line item 'Professional Fees & Sales Agent') · amount: 1361147 · period: Date of Appointment (February 21, 2025) to November 6, 2026 · currency: CAD
- purchaserAlaska First Media Inc.; GAP Broadcasting, LLC
- receipts cumulativenote: Total Receipts per schedule; includes opening cash of 2,677, Alaska APA proceeds 1,710,027, Texas Assets APA deposit in trust 48,300, Texas Assets TBA deposit 33,259 and rent 403,212. Excludes Radio Station operations. Schedule header says CAD 000's but figures appear to be actual dollars. · since: Date of Appointment (February 21, 2025) to November 6, 2026 · amount: 2197475 · currency: CAD
- report date9 November 2026
- report noThird Report
- sale advisorREAL Broker Alaska & Real Broker LLC
- sale outcometext: Receiver seeks approval of the Texas Assets APA with GAP, which it considers the highest and best offer for the Texas Assets. · scope: parcel · status: pending_approval
- stalking horseAlaska First Media Inc.