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IN RE FINANCIAL NEWS NETWORK INC.

No. 91 Civ. 4710(MEL), Bankruptcy No. 91 B 10891(FGC).

134 B.R. 737 (1991)

In re FINANCIAL NEWS NETWORK INC., Debtor. CONSUMER NEWS AND BUSINESS CHANNEL PARTNERSHIP, Appellant, v. FINANCIAL NEWS NETWORK INC., Official Committee of Unsecured Creditors of Financial News Network Inc. and Security Pacific National Bank, Appellees.

United States District Court, S.D. New York.

December 26, 1991.

Attorney(s) appearing for the Case

Weil, Gotshal & Manges, New York City (Bruce R. Zirinsky, Deborah Deitsch-Perez, Banks Tarver, Roger F. Assad, of counsel), for appellant.

Gibson, Dunn & Crutcher, New York City (Ronald S. Orr, Robert B. Krakow, Michael A. Rosenthal, Randy M. Mastro, of counsel), for Financial News Network Inc.

Kramer, Levin, Nessen, Kamin & Frankel, New York City (Geoffrey M. Kalmus, Kenneth H. Eckstein, of counsel), for the Official Committee of Unsecured Creditors of Financial News Network Inc.

O'Melveny & Myers, Los Angeles, Cal. (Ben H. Logan, of counsel), for Sec. Pacific Nat. Bank.

LASKER, District Judge.

Consumer News and Business Channel Partnership ("CNBC") appeals from a ruling of the United States bankruptcy court for the Southern District of New York, Conrad, Judge,1 concerning the conduct of an auction disposing of assets of Financial News Network, Inc. ("FNN"), which was operating with Chapter 11 bankruptcy protection.

The decision of the bankruptcy...

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