State-backed TV venture hoping for a partial payday | Arkansas Blog

Monday, April 4, 2016

State-backed TV venture hoping for a partial payday

Posted By on Mon, Apr 4, 2016 at 9:20 AM

click to enlarge ARKANSAS BUSINESS
  • Arkansas Business
George Waldon at Arkansas Business has a deep look this week at the tangled affairs at Soul of the South Network, a Little Rock-based broadcast company that was going to focus on the African-American market. The state sunk $1.75 million into the venture for its employment potential, so far mostly unrealized. Venture capital groups and private investors put in millions more.

Short take: Burgeoning disputes ARE employing a lot of lawyers. Participants hope the FCC's coming national auction of broadcast permits for resale for broadband use could recoup some of the money. The Soul of the South asset is KMYA, a Little Rock virtual and UHF channel.

Recent developments also include the sale of the network's headquarters building on Shackleford Drive in west Little Rock.

Tags: , , ,

Sign up for the Daily Update email

Comments (2)

Showing 1-2 of 2

Add a comment

Subscribe to this thread:
Showing 1-2 of 2

Add a comment

More by Max Brantley

Readers also liked…

  • Former Arkansas Attorney General Dustin McDaniel applauds Trump's EPA choice of climate change denier Scott Pruitt

    Dustin McDaniel gives the thumbs up to a man set to dismantle EPA regulations.
    • Dec 8, 2016
  • Latest Obamacare repeal bill would hit Arkansas treasury hard

    The latest effort to undo Obamacare, the Graham-Cassidy legislation, would shift federal support for health coverage to a block grant system to the states. Bad news for Arkansas.
    • Sep 18, 2017
  • Trump immigration protest at LR: Quick and fierce

    It was not even 24 hours ago that Sophia Said, director of the Interfaith Center; City Director Kathy Webb and others decided to organize a protest today of Donald Trump's executive order that has left people from Muslim countries languishing in airports or unable to come to the US at all — people with visas, green cards,a  post-doc graduate student en route to Harvard, Google employees abroad, families. I got the message today before noon; others didn't find out until it was going on. But however folks found out, they turned out in huge numbers, more than thousand men, women and children, on the grounds of the state Capitol to listen to speakers from all faiths and many countries.
    • Jan 29, 2017

Most Viewed

Most Recent Comments



© 2018 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation