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

State-backed TV venture hoping for a partial payday

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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.



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