Evening Headlines — 6/27/13 — Luken says it WASN'T fraud!

Luken Communications to continue business as usual as it appeals Arkansas jury verdict
An unprecedented demand by an Arkansas jury for Henry G. Luken III to pay $47.4 million more for a money-losing business that he bought for $18.5 million has forced Luken Communications into bankruptcy.

The U.S. Bankruptcy Court in Chattanooga on Wednesday ruled that Luken Communications may pay the salaries of its 38 employees, and that the company -- owned jointly by the Chattanooga entrepreneur and Life Care Centers of America founder Forrest Preston -- can continue business as usual pending the appeal of the Arkansas jury's verdict. There also is a chance that U.S. District Judge Kristine G. Baker could reduce or set aside the verdict, which would negate the need for an appeal, or the judge could push for additional sanctions.

"I do not believe that the verdict is fair," Luken said. "I did not steal anything from anybody." [Chattanooga Times Free Press]

Yep, a heckuva a season for hockey
Pundits predicted that the NHL lockout would drive away fans and lead to another decline in pro hockey’s popularity, just like the 2004-’05 work stoppage. Nothing could be further from the truth. The NHL wrapped up the season with the most-watched Stanley Cup Finals in history and the most-watched playoff season since 1997. [Media Life]

TRN Files Suit Vs. Courtside, Dial Global Over 'Disruption' Of Savage, Ingraham Relationships
The Original Talk Radio Network has filed another suit against Dial Global and Norm Pattiz' Courtside LLC, this time in U.S. District Court in Portland, alleging that the defendants "engaged in concerted efforts to disrupt the relationships that existed between Plaintiffs and... Michael Savage and Laura Ingraham," both of whom were allegedly under contract to TRN at the time. [All Access]

Dish bows out of battle with Sprint over Clearwire
Dish Network Corp. has bowed out of the battle for mobile service provider Clearwire Corp., marking the second major blow in less than a week against Dish chairman and founder Charlie Ergen and his plan to expand into wireless. [Reuters]

Cumulus Media Networks Marketing/Creative Department Departures
All Access has learned that the entire seven-person, Dallas-based Marketing/Creative team at Cumulus Media Networks has been let go. [All Access]


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