Infamous 90s TV watchdog files Chapter 7 bankruptcy, liquidates

Core Points - The Parents Television Council (PTC), later known as the Parents Television and Media Council (PTMC), has filed for Chapter 7 bankruptcy and will be liquidated, marking the end of its efforts to regulate television content [5][6]. - The PTMC aimed to promote family-friendly programming and discourage graphic sexual themes, violence, and profanity in broadcast television [4][5]. - The organization had mixed success over the years and faced a decline in donations, leading to its closure [5][7]. Summary by Sections Background and Objectives - The PTMC was established to restore responsibility and decency in the entertainment industry, responding to the demand for positive, family-oriented television programming [4]. - The group specifically targeted broadcast television and sought to make prime time suitable for viewers of all ages [4]. Recent Developments - The PTMC filed for Chapter 7 bankruptcy in Delaware Bankruptcy Court, with 26 creditors notified of the filing [6]. - A meeting for creditors has been scheduled for November 5 [6]. Challenges and Decline - The PTMC struggled with declining donations, which ultimately forced its closure and liquidation [5][7]. - The organization previously had significant issues with WWE, indicating its contentious relationship with certain entertainment entities [7].