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Start Free Trial NowTitle: Company requests garnishment of KRZB's former owners' assets
Description: 6-B
Company requests garnishment of KRZB’s former owners’ assets James Godwin, May today the Jimmy By MARK GREGORY S-R Staff Writer The writs were filed against Court to issue an order award- financial institutions and ad- ing it the ftinds. vertisers that reportedly held Orb is claimed PPD&G assets of PPD&G, based on the breached thr.ee 1986 contracts Danny nephews. 1987. The station suspended opera tions in March, reportedly to in- Orbis Communications Inc , awaiting payment of nearly ... . ■, „ , . , , $91,000 from the former owners post-judgment deposition of involving programming, of television station KRZB KRZB’s former general mana- The debt was acquired prior seeks to garnish the licensee’s 8 e 5: Gary Halleland, Coulter to the purchase of an option to assets after failed attempts to sa ' ( f buy the station by Little Rock recover the money under a U S The financial institutions investor Melvyn Bell in March District Court order. namedI in the writs are Land- "Orbis tried in good faith to n ? ar * { 1 Savings Bank, First Na- work the judgment out." said tional Bank of Hot Springs and - - - Nate Coulter of Wright. Lindsey One National Bank of Hot stall a new tower, antenna and Wilmer and Jennings of Little Rock, at- Springs. 5-million watt transmitter. w torneysforOrbis. The advertisers, which report- .**?*„*, and rasi J ned *Her the Six writs of garnishment filed e dly owe money to PPD&G, are HHPJL S * U pen ? ed operations. April 26 with the local U.S. Dis- pizza Inn, Trader Bill’s Outdoor to resi pinfc Halleland trict Court were the "last re- Sports Inc. and Catfish Village. s ?* d .' pe ” eat the 5 > U , tl ° n s sort,” Coulter said Tuesday First National and One Na- ? t0 „ ck is . held by Dunn * f Pa T: U.S. District Judge Morris S. tional, in responses filed last : 5^ r n ty ° f tw r« lt Arnold ordered PPD&G, the li- week, denied having assets to- Oorp., and Don Pittman, the for- censee, to pay Orbis $90,888.55 taring $90,888.55, or any ac- mer majority stockholder, in January after a non-jury trial counts in the name of PPD&G. '"pPoIcTwhich is still listed as Landmark, in a response filed the station's licensee but no May 4, lists an $11,412.72 ac- longer holds a majority stock in- c0 J 1 j .. , - terest, appealed to the U.S Landmarks president, Leon- Shipman, Beck, McEarl, Ronnie rV/,th Caruth Hartman, day, a.m. tery Halleland said Bell Equities holds 67 percent of the stock. Previously, the Federal Com- muncations Commission’s own ership section in Washington, D.C., reported Dunn, Parker and On -v, ..... . v n icnnonriiisnrin »»•*»*»*«;»* truuu, t «•**“ nounces Eighth Circuit Court of Appeals r ° e ° f ^ P " n Pieman each with 5 percent and me in St Louis. cipais m rt'u&u. - »- — Springs The appeal was later dis- None of the advertisers has missed by the Eighth Circuit at filed responses in U.S. District the request of PPD&G, accord- Court The writs direct an an- ing to records filed April 13 swer within 20 days of filing, with the local U.S. District Once the assets are known, Court Orbis will ask the U.S. District Bell Equities with 85 percent Tuesday, a spokeswoman for the FCC said the last ownership report on record was several years old. A letter asking for an update of the ownership report was mailed March 10, she said. fourth ters Casada, Meadows, Uyen Julie
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Clipped 1 year ago
- Sentinel=Record
- Hot Springs, Arkansas
- May, 12 1988 - Page 18