Friday, October 11, 2013

Another Greenspun Busienss Falure

From the Las Vegas Sun:
The Greenspun Corporation’s small independent television station went off the air at midnight, citing a lack of advertising revenue as the reason for pulling the plug.
KTUD, which aired on Channel 25 and on the Cox Cable system’s Channel 14 as Vegas TV, had a history of financial struggles since it signed on as a low-power television station in 1999.
The station filed for Chapter 11 bankruptcy protection in 2010.
Most of the station’s time slots were devoted to syndicated shows and paid programming. Some KSNV Channel 3 news broadcasts also were simulcast on the channel.
The station is jointly owned by Greenspun Broadcasting, a subsidiary of The Greenspun Corporation, and a New York-based private equity fund. It’s a sister company of the Las Vegas Sun and VEGAS INC.  http://www.vegasinc.com/news/2013/oct/11/declining-ad-revenue-forces-las-vegas-tv-station-c/?_ga=1.76044182.2052921053.1380857312
Brian Greenspun and his firms have gone belly up in land holdings and property and now this TV station, which only played 1 show I like- Family Guy.
Then you have problems of the Las Vegas Sun which could very well tank by next year- it's has to be really difficult to be employed by Greenspun and especially be a spokesperson for him.

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