 However, the station began to lose money, and several months later, the deal collapsed, leading to the station and Ashton each declaring bankruptcy; in 1995, Ashton sued Fleischmann in Colorado court.Hispanic Broadcasting Corporation acquired the station for $170,000 in 1994, though Ashton remained on as the general manager of KGRE and the station's format remained in English, with oldies replacing country.However, by this point, KGRE was only operating 10 hours a day; it lost $5,000 to $10,000 a month, and its equipment included battered tape recorders, wobbly turntables and scratched records.