Luken Communications Files For Bankruptcy After $47.4 Million "Fraudulent Transfer" Verdict Against

[stanleyjohn]

Boy!! This thread sure went a stray for the most part.

 

[Mr Tony]

yeah can we get back on topic please?

 

[Mr Tony]

I'd be happy if the Luken networks would be on Roku....or the internet at least

 

[stanleyjohn]

Some tv stations did stream rtv but that is considered a no no and ended.

 

[DJdish]

Bankruptcy or not, I´m looking at ME TV´s new schedule and I can´t help to notice that they now have many shows that were:

Previously on RTV
Currently on RTV

And then some

 

[jxg0754]

an idea if possible for luken communications would be that they become a low cost satellite tv provider and still be a diginet broadcaster i'm sure no matter what they are going to be in chapter 11 bankruptcy even if the fraudulent transfer is reversed on appeal they need some source of revenue they could launch networks with all the content they have rights to there was talk of science fiction, western and other drama networks it could be a hybrid ota/low cost alternative programmed service

 

[turbosat]

Just keeps getting better and better. Maybe he'll go buy a string of Hilton Hotels or something now lol.

 

[FaT Air]

I don't want to 'count him out' just yet. 'The Donald' has been there a few times also, and is now considered a "power house"(in some circles).

 

[cyberham]

But RTV/Tuff/PBJ just keep playing on 83W. I have no access to ME, or This, or any of those others so I keep watching Luken.

 

[Dee_Ann]

Well I hope he can keep it floating, I really do. My confidence in the guy is rather low but I would hate to lose these channels.
As long as they are on the air I’ll keep watching and recording. I’m tickled with my collection of Harvey Toons !

 

[RT-Cat]

So Luken buys something for 18 mil that should cost 115 mil and gets in trouble for it? I thought that was called a good deal?
.
RT

 

[primestar31]

So Luken buys something for 18 mil that should cost 115 mil and gets in trouble for it? I thought that was called a good deal?
.
RT

That depends on how good your lawyers are.... Good old America!

I just can't figure that if it was worth so much, why he's going bankrupt running it, and having to pump his own money into it to keep it running... Who is stupid enough to want that turkey back?

 

[RT-Cat]

That depends on how good your lawyers are.... Good old America!

Right! Class action of 300 people. Defendant must pay 500 mil. Class people get $1.00 each, lawyers get the rest!
.
Meeeeeow

 

[Kraven]

So Luken buys something for 18 mil that should cost 115 mil and gets in trouble for it? I thought that was called a good deal?
.
RT

Its not unusual to see unprofitable tv/radio stations sold for 1$.

 

[Mr Tony]

Its not unusual to see unprofitable tv/radio stations sold for 1$.

or in some cases shut down because they CANT sell for $1 (CKX CBC Brandon, MB as example)

 

[jxg0754]

this is a fight over control of retro tv, the bankruptcy trustee for equity wants it back, it's bankruptcy vs bankruptcy

 

[jxg0754]

Matt Winn Leaving Luken Communications

Matt Winn is Leaving Luken Communications link is here

Jim Owens Entertainment ends licensing deal with Luken link here

 

[Dee_Ann]

Not too much longer.
Still recording cartoons for the eventual, eternal dry spell.

 

[toucan-man]

Jim Owens Entertainment ends licensing deal with Luken link here

More on this:

Jim Owens Regains Control Of Nashville Network That Was Part Of Luken Programming

http://www.chattanoogan.com/2013/11/14/263559/Jim-Owens-Regains-Control-Of-Nashville.aspx

 

[jxg0754]

ValCom Announces Agreement Regarding My Family TV here looks like a replacement network may be created for luken