Apparently, based on a thread at "the other place". I haven't had the opportunity to stop by since BkB season. I know that they no longer advertise on Monte's show each afternoon although the lead-in still has them as a sponsor. I hate it as they were heavily into promoting MT (once had Blue Raider BBQ in Shelbyville IIRC - the cheerleader's outfit on display was the owner's sister's, again IIRC), the owner (whose name escapes me) was a really nice guy, and I have a real personal connection to the place.
Regardless, here's hoping the owner is well and will find success in another venture. (And bring on another 40)
[I would like to have more info on the closing if anyone has anything]