Luken Set To Emerge From Bankruptcy

Bill Horton, general counsel of Luken Communications, a Chattanooga-based television network provider, announced today that the company will successfully emerge from Chapter 11 bankruptcy by the end of October.

The U.S. Bankruptcy Court for the Eastern District of Tennessee at Chattanooga entered an order today confirming the company’s plan to resolve all disputed claims and pay in full all legitimate vendor bills and allowable claims.

Luken said that during the past 15 months, its team “has streamlined its business and experienced growth in many levels of the company. Luken has added affiliate stations, greatly improved its signal quality, added new delivery methods, bolstered its networks’ programming and improved relationships with vendors.”

David Leach, Luken president- CEO, said: “We have been very fortunate to have vendors and affiliates that have stuck by us while we resolved what Luken viewed as an unjust verdict. We appreciate the support of our affiliates, vendors and employees during this difficult time and look forward to continuing exceptional growth.”

Luken Communications’ family-friendly networks reach approximately 80% of all U.S. households via a blend of over-the-air, cable and satellite television. The current network offerings include Retro TV, The Heartland Network, The Family Channel, TUFF TV, PBJ and Frost Great Outdoors (FGO).