Koplar, Acme at odds.(Brief Article)

Broadcasting & Cable, October, 1999

In documents filed with the SEC, Acme Communications reports it is "in a dispute" with Edward Koplar, who sold KPLR-TV St. Louis to Acme in 1997. The dispute concerns Koplar's resignation as CEO of the station last year. Koplar had signed a three-year employment/consulting contract with Acme.

According to documents Acme filed with the SEC, Koplar claims Acme breached the agreement. "[Koplar] has claimed that we owe him $4 million and has threatened to bring suit," the filing says. Acme says the claim is "without merit" but has set aside $350,000 "as a reserve relating to this matter." There's no suit yet, says Koplar. "We're trying to work out our differences," he said.