Monday, May 20, 2013
THEBUZZ
Court lets bankrupt owner sell local TV station KIKU
POSTED: 01:30 a.m. HST, Mar 26, 2012
~~<p>The California-based company that owns KIKU-TV (Channel 19) has won approval from U.S. Bankruptcy Court in Dela­ware to sell the station and its mainland sister stations as part of a Chapter 11 restructuring case filed in January.</p>
<p>The total purchase price for all three stations is $45 million, according to court documents. Neither officials with the station ownership, International Media Group Inc., nor its law firm could be reached for comment.</p>
~~
The California-based company that owns KIKU-TV (Channel 19) has won approval from U.S. Bankruptcy Court in Delaware to sell the station and its mainland sister stations as part of a Chapter 11 restructuring case filed in January.
The total purchase price for all three stations is $45 million, according to court documents. Neither officials with the station ownership, International Media Group Inc., nor its law firm could be reached for comment. Login for more...
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