ESPN Top Creditor in Agency BankruptcyFX, Home Team Sports, Comedy Central, Turner Digital also Owed More Than $1 Million 9/17/2013 1:54 PM Eastern
According to summary of court documents prepared for the Media Finance Management Association, ESPN is owed nearly $4.2 million.
Other large creditors include: FX Networks owed $1.8 million; Home Team Sports owed $1.3 million; Comedy Central owed $1.2 million; Turner Digital owed $1.2 million; Lifetime owed $977,00; Invention Channel owed $887,000; and NBC Sports Network owed $820,000.
Golf Channel, USA Network, TLC, HGTV, E Entertainment, Travel Channel, Animal Planet and Food Network are each owed between $500,000 and $800,000
The Chapter 11 petitions were filed Sept. 11 in U.S. Bankruptcy Court for Central California.
According to a declaration filed with the court by KSL controller Janet Miller-Allen, the company intends to wind down its operation. Miller-Allen filed a declaration with the court charging that one of her predecessors as controller embezzled money from KSL leading to millions of dollars in damages and losses.
A separate lawsuit, KSL Media Inc. v. Charness et all, is pending in California Superior Court in Los Angeles count.