The founder of the Connecticut School of Broadcasting has the OK to rescue several campuses of the school he sold, which abruptly closed in March. Two of them are in Connecticut.
Dick Robinson, who started the school in 1964 has approval to buy back the bankrupt business and campuses in six states for $1 million.
In March, the Connecticut School of Broadcasting filed for bankruptcy and abruptly announced it would close all 26 locations nationwide after a dispute between the ownership group and a lender. The closure came two weeks before students were set to graduate in April.
When Robinson, the former owner, heard about the closure, he immediately put in place a plan to take over the school's flagship campus in Farmington.
A bankruptcy judge granted Robinson's request on May 7, setting the stage for the school's unexpected revival.
Attorney General Richard Blumenthal and state Higher Education Comm. Michael Meotti announced the court-approved sale of school at a new conference Monday.
Robinson estimates that he is spending more than $1.2 million of his own money to acquire the school. That includes funds to reimburse numerous displaced students.
He said he would move the school's headquarters from Quincy, Massachusetts back to Farmington and he plans to cut back to 10 locations in six states to focus on the school's East Coast markets.
A federal judge OK’d reopening the following campuses:
- Farmington, Connecticut
- Stratford, Connecticut
- Tampa, Florida
- Orlando, Florida
- Palm Beach, Florida
- Atlanta, Georgia
- Needham, Massachusetts
- Charlotte, North Carolina
- Cherry Hill, New Jersey
- Hasbrouck Heights, New Jersey
Robinson, a longtime broadcaster who now lives in Florida, has said he was dismayed by the closing.