South Dakota Station Goes Dark

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The AP is reporting that Chuck Brennan has taken KBAD-FM off the air after a ruling from state banking regulators. A note on the station website says the station is now for sale. 10 days ago banking regulators revoked the lending license for Brennan’s Dollar Loan Center stores in Sioux Falls and Rapid City. The state shut down the stores after learning the short-term loan company was charging 36 percent interest and charging late fees if loans were not repaid in a week.

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