EMT Wants Hearing Stayed So It Can Sell License
Administrative Law Judge Jane Halprin should grant Entertainment Media Trust's request for a stay (see 1909170047) so it can liquidate its broadcast stations and sell off its licenses, said EMT trustee Dennis Watkins in a response filing in docket 19-156.…
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EMT “is asking the FCC to stay its proceeding to allow a court in a collateral proceeding to allow EMT to lose its licenses (with the FCC’s approval) even faster than it would were the FCC hearing proceeding to reach the conclusion sought be the Enforcement Bureau,” the Trustee said. EMT is pursuing a Chapter 7 bankruptcy -- with assets liquidated by a trustee -- rather than a Chapter 11 where they would remain under EMT's control, the filing said. EMT “will suffer irreparable harm if a stay is not granted,” the filing said. The proceeding has cost EMT “nearly $150,000 in attorney’s fees” and the hearing has “not even completed the first round of written discovery.”