What's on the tube?Bank of Little Rock has no intention of waiting for Equity Media Holdings Corp.'s voluntary Chapter 11 restructuring to come to a close.
The bank, to which Equity owed about $1 million as of Dec. 3, has filed a motion to sell Arkansas 49 Inc., which Equity used to secure the loan, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. a motion filed in U.S. Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. .
Riverside Media LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control has offered to buy the station for $1.15 million, according to court documents. Greg Fess and Byron Southern, both of Little Rock, are the men behind Riverside Media.
"We hope to spin it out of Equity and Equity's problems," Southern said. "And after we get it out of Equity, we hope we can make it work."
Fess, as it happens, formerly served as a senior vice president at Equity and is currently suing the company for wrongful termination wrongful termination n. a right of an employee to sue his/her employer for damages (loss of wage and "fringe" benefits, and, if against "public policy," for punitive damages). , according to Pulaski County Pulaski County is the name of several counties in the United States:
Southern, a partner in the Southern & Allen law firm of Little Rock, is representing Fess in the wrongful termination case.