Jun 21, 2007
KOCE will remain a public TV station but is not disclosing so far the terms of its settlement with religious broadcaster Daystar Television, which contended that it was high bidder for the license sold to the KOCE Foundation in 2003. A station spokeswoman released this terse statement today: "KOCE-TV Foundation and Daystar Television are pleased that they have reached a settlement to the parties’ mutual satisfaction. This brings to conclusion all the outstanding litigation between the parties and results in a complete dismissal of all claims against the KOCE-TV Foundation and the Coast Community College District. KOCE-TV Foundation will continue to own and operate KOCE-TV as a PBS member station. The terms of the settlement are confidential and the parties are prohibited from commenting further on its terms." Even though a state appeals court last year voided the college district's sale of the station to the KOCE Foundation, KOCE was attempting to keep ownership.
Posted by Steve at 1:26 PM