It looks like a quite ordinary contractual dispute to me, and as though AirAmericaRadio had a business reason to stop payment on the second check. Their position is that they owned that block of time because they'd paid for a lease on it:
Mr. Cohen, however, said that Multicultural owed money to Air America. He said that Mr. Liu's company had recently deposited a check from Air America for $315,000, and that it had cleared. But Mr. Cohen said that Air America had stopped payment on a second check, for $156,000, after Air America discovered that Multicultural had leased air time on its Los Angeles station to another programmer in February and March, before Air America went on the air on March 31.
While not broadcasting during that time, Mr. Cohen said, Air America had already leased that time from Multicultural and was thus entitled to any fees collected.
It'll be settled in court. And when it is, there will be more publicity. |
