This sounds encouraging:
Equity Media Lands $58 Million Loan - ArkansasBusiness.com
If Equity can keep its head above water and then get their feet back on solid ground, maybe the split with RTN will actually turn out to be a good thing for FTA in the long run.
From the article:
On the revolving loan, Equity will pay the London Interbank Offered Rate on the first day of an interest period plus 8 percent. For the term loan, Equity will pay the Libor rate on day of the interest period plus 10 percent.
OUCH...