RTN files lawsuit over license fees
Chattanooga's "Retro Man" is ruffling the feathers of NBC's Peacock in a dispute over how much Retro Television Inc., owes NBC's Universal studios to broadcast such TV classics as "Adam 12," "Dragnet" and "Leave it to Beaver."
RTV paid Universal City Studio Productions nearly $9 million in license fees to air old television show for the past three years on the Retro TV network. In a lawsuit filed this week in Hamilton County Chancery Court, RTV attorney Bill Horton sued Universal, claiming RTV overpaid Universal even though the studio claims that RTV still owes more money for the shows. Retro TV ended its broadcast rights with Universal in June and since has negotiated broadcast rights with other studios for old TV shows.
Delinquent mortgages down
The number of Chattanooga mortgage loans more than 90 days past due was down in the first half of 2011 and remained below the U.S. average, according to a report released Thursday from CoreLogic.
The real estate information firm said 6.16 percent of all Chattanooga mortgages were more than three months late in June 2011, compared with 7.22 percent of all mortgages that were delinquent nationwide. In the same month a year ago, 6.41 percent of Chattanooga mortgages were more than 90 days late.