UPDATE: Super Channel files for creditor protection owing $139 million; takes square aim at Rogers

EDMONTON – Allarco Entertainment, owners of Canadian pay-TV service Super Channel, filed for protection from its creditors under the Companies’ Creditors Arrangement Act on Tuesday, Cartt.ca has learned. According to documents filed with the Court of Queen’s Bench of Alberta, the company has liabilities of $139 million and assets of $68 million. In those documents – as well as a letter sent to its affected program suppliers – Allarco president and COO Malcolm Knox said the company plans to reorganize and continue broadcasting. He blamed the poor economy and a lack of BDU promotion follow-through for the young broadcaster’s current...