On November 5, 2008; Multicultural Broadcasting has suffered financial defaults of $135 million in loans and the company has headed into a trust under the care and feeding of Lee W. Shubert for the purposes of selling off assets and paying off their creditors. Stations included KCNS, WMFP, WOAC, and WRAY-TV. WOAC was the first to be picked up on June 24, 2009 by Tri-State Christian Television, through Radiant Life Ministries. WRAY-TV was sold in October 2009. In January 2011, KCNS, WMFP, and WSAH were sold to NRJ TV, LLC. KILM was the only remaining TV station in the Multicultural group until 2018 when Ion Media purchased it and converted it to an Ion Life affiliate.