Printer Friendly

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.
COPYRIGHT 2004 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
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
Words:175
Previous Article:That sweeping feeling.
Next Article:Old news is good news.
Topics:


Related Articles
Max Media update. (Outtakes).
Corrections.
Look familiar?
Why wait?
Sign of the times.
Boo times two.
DoGged.
Give 'em credit.
The glass.
Good reporting.

Terms of use | Privacy policy | Copyright © 2022 Farlex, Inc. | Feedback | For webmasters |