Bankupt owner International Media Group is seeking to transfer KSCI and two other stations to itself as debtors-in-possession while it tries to sell. KSCI currently broadcasts programming in a mix of Asian languages.
Following its Chapter 11 bankruptcy filing last month, International Media Group, owner of KSCI Los Angeles, KUAN-LP San Diego and KIKU Honolulu, has asked the FCC for a pro forma transfer of the three stations to debtors-in-possession while efforts are made to sell the stations.
The Jan. 9 bankruptcy petition for the California stations say they have fewer than 50 creditors, assets of between $10 million and $50 million and liabilities of between $50 million and $100 million.
The California stations currently broadcast a mix of programming in several Asian languages including Mandarin, Vietnamese, Tagalog, Japanese and Korean.