SCI Television May Be Forced Into Bankruptcy:...

SCI Television May Be Forced Into Bankruptcy: A group of three SCI Television Inc. bondholders has filed a court petition to force the company into involuntary bankruptcy. The move could result in the sale of Denver-based SCI’s six television stations, including KNSD-TV, the NBC affiliate in San Diego. The Chapter 7 petition, filed in U.S. Bankruptcy Court in Delaware, also asks that a trustee be appointed to oversee the company. SCI, controlled by businessman George Gillett and the buyout specialist Kohlberg Kravis Roberts & Co., has been struggling under the weight of heavy junk bond borrowing incurred in 1987 buyout.