KETK/56's parent filing Chap.11

[easttxtv]

According to http://www.zwire.com/site/news.cfm?newsid=16768837&BRD=1994&PAG=461&dept_id=226362&rfi=6ComCorp is saying it's a corporate issue, not a station-level problem. No word on station sales or performance but the last sentence refers to CC having been up for sale sometime last year.

 

[nuzguy]

Recall that the introduction of Channel 19 into the Tyler market prompted a lot of people to wonder what effect the addition would have on the financial status of all three stations--would the market support them all.Perhaps the filing and finite advertising revenue are related, or maybe it's a money situation that already existed. Of course the company has only filed for reorganization, not announced it's going out of business. And whether there'll be any company-originated repurcussions at the station level, one wonders how many people will be shipping resumes and tapes in search of other places to go. Among the first results of a company getting its financial act together is the cutting of expenses--and staff.

 

[nuzguy]

Additionally, anyone hearing anything from the inner workings of KETK, or is the lid on tight. Not a good feeling for them, knowing the foundation is cracked and swaying.

 

[stdjsb25]

No wonder KETK purchased used DTV transmitter equipment......Maybe this will prompt the sale of KETK......a sale to someone who can get KETK where it needs to be in the market. I always think that KETK would be much better if Phil Hurley had never left......it would have full power DTV and lots more. I tend to think of KYTX as what KETK would be like if Hurley was still there.KETK is simply a shell of a station that it once was.....they lost the Children's Miracle Network to KYTX, they are affiliated with NBC, they are way behind on DTV, and now this.......

 

[arnoldevns]

The performance of KETK had little to do with this filing. The companies (both Com Corp and White Knight) are $373 million in debt. They just couldn't make enough to keep paying that off.