POSTED: 10:46 a.m. HST, Jan 09, 2012
The company that owns KIKU-TV in Honolulu has filed for bankruptcy protection.
International Media Group Inc., a multilingual television broadcaster, filed for bankruptcy in Delaware today.
The company listed both assets and debt of $100 million to $500 million in Chapter 11 documents filed in U.S. Bankruptcy Court in Wilmington. AsianMedia Group LLC and five other affiliates also sought protection.
International Media Group provides multilingual television programming services. The company produces and broadcasts various Asian- and English-language paid, syndicated and local programming. International Media serves communities in California and Hawaii.
It also owns KSCI-TV in Los Angeles.
The Los Angeles-based company hired Houlihan Lokey Capital Inc. as financial advisers, court papers show.
The case is In re International Media Group Inc., 12-10140, U.S. Bankruptcy Court, District of Delaware (Wilmington).