Washington-America's Voice officials said last Friday that two rival groups will appear in U.S. Bankruptcy Court here today (July 31) seeking to buy control of the ailing network.
America's Voice chairman Bob Sutton said a judge will decide whether the buyer will be the combination of Carleigh Films Inc. and Wild Frontier Networks Inc., which signed a letter of intent to buy the network, or a rival bidder.
After that, there will be a 20-day period in which other offers could be presented. But, Sutton said, "I expect it will be resolved on Monday."
Sutton also said 5th Avenue Channel Corp.-which leases time on America's Voice to air a morning financial-news program-was notified by letter that it had until today to pay money owed for July and August or Net Financial News would be off the air Tuesday. "It's a lot of money" owed, he added.
