Asset Liquidation Ahead For Scrutinized St. Louis Operator

0

In June 2019, the FCC’s Media Bureau issued a Hearing Designation Order to a St. Louis-area broadcaster on allegations of misrepresentation and fraud.


The HDO involves Entertainment Media Trust (EMT) and an individual convicted of felony offenses for obstruction of justice and bank fraud, a violation of the Communications Act and the Commission’s rules.

It now appears that the four stations serving the market licensed to EMT, regardless of who is really in control of the company, won’t be under its control for very long.

A Chapter 7 voluntary petition was filed Sept. 11 in U.S. Bankruptcy Court for the Southern District of Illinois. A wholesale asset sale will be in the works.

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Leave a Reply

Your email address will not be published. Required fields are marked *