CSN Houston Files For Chapter 11 Bankruptcy Protection
Three units of Comcast/NBC Universal and a fourth TV-related company "filed an involuntary Chapter 11 petition Friday against CSN Houston," the RSN that carries Astros, Rockets and MLS Dynamo games. NBC Universal in a statement said the action was "necessary to preserve CSN Houston's ability" to remain in business. The Astros in a statement said that the filing "was improper but also acknowledged that CSN Houston has not paid broadcast rights fees to the Astros for the last three months."
The network's creditors yesterday "asked U.S. Bankruptcy Judge Marvin Isgur to appoint an interim trustee to oversee network operations while the bankruptcy petition winds its way through court" (CHRON.com, 9/29).