TV station files for Chapter 11
Broadcast Vision Television, which operates Spokane’s KSKN-TV, has filed a petition in U.S. Bankruptcy Court, seeking protection from creditors while it attempts to reorganize its finances.
The Spokane television station went on the air on Channel 22 in December 1983. It now is insolvent and unable to pay its debts, according to the bankruptcy petition filed Monday by attorney Richard Guy.
In a U.S. District Court action Monday, Viacom Enterprises, an Ohio corporation, sued Lee Schulman, doing business as KSKN-TV, for $1.3 million for alleged breach of contract and copyright infringement.
Schulman was out of town today and unavailable for comment, but attorney Guy said “it is the station management’s intention to keep it running.”
The total debt is not listed in the bankruptcy petition, but a list of the top 10 creditors includes Viacom, owed $559,672.
In the U.S. District Court case, Viacom alleges KSKN-TV failed to make monthly payments for films it received for broadcast. Viacom seeks $1,326,182 for alleged breach of contract and for accelerated payments allegedly due because of the delinquency.
Tuesday, April 16, 1985