Agricultural magnate J.P. Lipson said that depositions are starting this week in his petition for expedited discovery against New Frontier Media which owns the TeN Channel. Lipson filed suit against the company in January alleging that New Frontier Media heads Mark Kreloff and Michael Weiner reneged on a deal that would have let Lipson run the company in exchange for a bailout loan. Lipson then filed a petition for expedited discovery in February claiming that New Frontier Media's owners were "unfit" to run the channel. In the meantime, Lipson who has been nicknamed the "pig farmer" by the press, has taken his shots on the Yahoo:NOOF financial page from anonymous name callers. Lipson's been branded both a federal felon and master of the Ponzi scheme.
"This is the biggest pile of bullshit," said Lipson. Check my record. I've had two traffic records. That's it. This is psycho bullshit. Do you think it would be hard to find out if I did time at a Club Fed? That would really be tough to find out. I'm giving a deposition this week. The first question: 'Have you ever been convicted of a felony?' I'm going to lie about that because that will really be hard to find out." Lipson says discovery should be over in about 60 days, and he's looking at a court date, August 19.
The cable industry's also a-buzz over recent developments in which Time Warner-Chatsworth pulled a certain network off after only one night on the air. The channel-in-question supposedly ran Double X, and Time Warner corporate didn't take too kindly to that. The deal called for cable version adult programming to be carried on a stand-alone basis. Corporate Time Warner got word from a snitch that Double X was being run. Corporate had the channel pulled.
