One day after Citadel Broadcasting Corp. filed for bankruptcy, two other media companies joined the radio group in Chapter 11.
Yesterday, another radio owner, NextMedia Group Inc., and newspaper publisher Heartland Publications LLC, both filed for bankruptcy protection in Delaware Bankruptcy Court.
NextMedia, which owns 36 [...]
Citadel Broadcasting, which syndicates Don Imus's radio show, filed for Chapter 11 bankruptcy yesterday. The NY Times reports it did so "after agreeing to turn over control of the company to its creditors in exchange for reducing its debt. The filing" [...]
Citadel Broadcasting Corp., one of the biggest radio companies in the U.S., announced Sunday that it was entering Chapter 11 bankruptcy protection in order to restructure its massive debt.
Under the terms of a pre-negotiated reorganization plan, Citadel's $2.1 billion loan will be converted into $762.5 million. [...]
minOnline is reporting that Reader's Digest publisher Tracey Altman has been let go, as the magazine's publisher, Reader's Digest Association, struggles to emerge from Chapter 11 bankruptcy protection, where its been since August.
"I was laid off," Altman told min, which added that [...]
20 Bayard, that big hubristic building on the edge of McCarren Park in Williamsburg filed for Chapter 11 bankruptcy protection on Friday, The Real Deal reports. Are there no hedge funders left who want to live above a blindingly-lit soccer field, 10 minutes [...]
Has this crossed anyone’s mind?
Wasn’t this the country that we were once going to sell U.S. Port security operations?
Just a reminder that security comes in different forms - physical and financial.
Need a reminder about the controversy? Wikipedia has a decent rundown.
Dodged that bullet, didn’t we?
Well, not really - AIG[...]
