Pappas Telecasting Incorporated files for Chapter 11

Pappas Telecasting Incorporated and 21 related entities filed for chapter 11 bankruptcy protection at the United States Bankruptcy Court in Wilmington, DE.  The petition, from Saturday's filing, lists assets and liabilities of between $100 and $500 million.  Additionally, the petition lists Fox Broadcasting Company as the largest unsecured creditor with a trade claim of over $1.4 million.