Evening Headlines — 6/25/13 — IT WAS FRAUD! (The court says so.)

Equity Media's Bankruptcy Trustee Scores $47.4M Verdict Against Former CEO Luken
A $47.4 million civil verdict in Little Rock on Friday has sent the former CEO of Equity Media Holdings Corp. scrambling for bankruptcy protection in Tennessee.

On Friday, a jury in U.S. District Judge Kristine G. Baker's court found that the transfer of Equity's Retro Television Network to Equity's chairman and CEO, Henry Luken, for $18.5 million "was a constructively fraudulent transfer," as alleged by Equity's bankruptcy trustee. [Arkansas Business]

Nervousness Over Local News Consolidation
Once the Gannett-Belo merger was announced, University of Missouri journalism professor Kent Collins started hearing from friends and former students working at TV stations in St. Louis, where both companies own stations, wondering what the deal could mean for them. [TVNewsCheck]

Kantar: Radio Down 1.7% In Q1
More confirmation that radio had a week quarter to start the year. Kantar Media, which is a strong indicator for how national revenue came in for all media, says radio declined 1.7% in the first quarter of 2013. Overall Ad Spending was down 0.1% in the first quarter of 2013, compared to 2012. [Radio Ink]

Syndicaster Aims To Stream Live, Local TV To Roku
Online video provider Syndicaster is looking to give local TV stations and newspapers a platform to stream live and on-demand video to Roku and other over-the-top devices. [Playout]

Fisher Shareholders To Vote On Sinclair Deal August 6th
Fisher Communications has issued its proxy statement for shareholders to vote on the proposed sale of the company and merger into Sinclair Broadcast Group. The shareholders will vote Aug. 6. [All Access]


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