DMA 57: LITTLE ROCK-PINE BLUFF, AR
Investors Battling Over KMYA License
A schism among Soul of the South investors has erupted into a lawsuit over control of the venture’s most valuable asset: the broadcast license for MeTV affiliate KMYA Little Rock-Pine Bluff, Ark. One group of investors is challenging another’s legal authority to strike a deal to sell the license for $2.7 million. That transaction, pending approval by the FCC, includes the possibility of sharing in half of any additional money if the license is resold in the FCC’s incentive auction.
