GENE SIMMONS' No Good TV Files For Bankruptcy
March 18, 2010, 14 years ago
According to Dmwmedia.com, online celebrity news and entertainment site No Good TV (NGTV), backed by entertainment industry veterans including company chairman Gene Simmons, also of the rock band KISS, and Al Cafaro, music industry veteran and former chairman and CEO of A&M; Records, filed for Chapter 11 bankruptcy protection on February 25.
Kourosh Taj, co-president and head of programming, confirmed the news to DMW on Thursday in an email: “NGTV filed for chapter 11 protection primarily to implement a reorganization plan with the cooperation and consent of our senior secured lenders.”
NGTV caters to the 18-34 demograpic and describes itself on the website as “the world's largest producer of uncensored celebrity news and entertainment programming.”
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