Uh oh.
http://www.arkansasbusiness.com/art...sued-over-alleged-breach-of-contract?page=all
A Chicago television station has filed a federal lawsuit alleging that the owners of Soul of the South and its related entities breached a contract to lease broadcasting time for the network’s programming.
The lawsuit, filed by KM LPTV of Chicago-13 LLC, the licensee of WOCK-CD, claims Soul of the South, which is based in Little Rock, owes $1.89 million under the terms of the contract. But Soul of the South says the terms of the contract cited by KM LPTV are not the terms it agreed to.
D. Patterson Gloor, an Illinois attorney for the Chicago station, wrote in court filings that KM LPTV had met its obligations under the contract but had not received required monthly payments. An "escalation" clause in the agreement also entitled the station to compensation for the remainder of the time on the contract, which runs through May 2018.
According to supporting documents filed with the lawsuit, Soul of the South has made $258,767.30 in payments since April 2013 and that the full amount of the contract was $2.15 million.
More at the link above
http://www.arkansasbusiness.com/art...sued-over-alleged-breach-of-contract?page=all
A Chicago television station has filed a federal lawsuit alleging that the owners of Soul of the South and its related entities breached a contract to lease broadcasting time for the network’s programming.
The lawsuit, filed by KM LPTV of Chicago-13 LLC, the licensee of WOCK-CD, claims Soul of the South, which is based in Little Rock, owes $1.89 million under the terms of the contract. But Soul of the South says the terms of the contract cited by KM LPTV are not the terms it agreed to.
D. Patterson Gloor, an Illinois attorney for the Chicago station, wrote in court filings that KM LPTV had met its obligations under the contract but had not received required monthly payments. An "escalation" clause in the agreement also entitled the station to compensation for the remainder of the time on the contract, which runs through May 2018.
According to supporting documents filed with the lawsuit, Soul of the South has made $258,767.30 in payments since April 2013 and that the full amount of the contract was $2.15 million.
More at the link above
