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Credit where credit is due.

Arkansas Business Whisper-philes will recall an item we filed last week regarding American Schools Inc. of Little Rock, which operated as Information Technology Education Center and offered computer training.

The company filed for Chapter 11 bankruptcy protection earlier this year (later converted to Chapter 7) and listed $900,000 in debts and $600,000 in assets. And the state Department of Finance & Administration filed $141,000 in liens against the company.

Others are also waiting to get paid, including several Little Rock radio stations. In fact, Clear Channel Broadcasting, Signal Media and Archway Broadcasting Group are among American School's 20 largest unsecured creditors, seeking payment for advertising services rendered.

According to court filings, Clear Channel--owner of stations such as KSSN-FM, 96.5, and KMJX-FM, 105.1--is short $5,662. Signal Media's KABZ-FM 103.7 (The Buzz), is chasing $7,000. Archway's KKZR-FM, 93.3 (The Razor) is after almost $5,300.

American Schools owes other media outlets for advertising, including central and northwest Arkansas radio stations, TV stations, direct-mail companies, telephone directories and job guides.
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Title Annotation:Outtakes: an inside look into Arkansas media
Author:Turner, Lance
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2004
Previous Article:That sweeping feeling.
Next Article:Old news is good news.

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