Alex Jones’ InfoWars Files For Bankruptcy In US Court

Far-right wing website InfoWars on Sunday filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas in the face of multiple defamation lawsuits. Alex Jones, founder of InfoWars, was found liable for damages in a trio of lawsuits last year filed after he falsely claimed that the 2012 Sandy Hook school massacre was a hoax.

Black News Channel Files For Bankruptcy With Up To $50M In Debt

Black News Channel — which shut down operations on Friday, just two years after making a splashy debut — has filed for Chapter 11 bankruptcy in Florida. In its Monday filing, the Tallahassee-based network listed $10 million-$50 million in liabilities, and estimated between 200 and 999 creditors are owed money.

MobiTV Insists It Has No Plans To Shutter

MobiTV has refuted an earlier report that suggested the company was poised to cease operations on May 2 and terminate its 86 employees, saying company-issued warnings to that effect were merely requirements of its ongoing bankruptcy process.

VidAngel Files To Emerge From Bankruptcy

VidAngel, which provides edited versions — no nudity, “unwanted” language, violence — of video content streamed on Netflix and Amazon Prime, said its trustee in bankruptcy has filed a reorganization plan.

Newspaper Owner McClatchy Files For Bankruptcy

Analysis Of Deluxe’s Bankruptcy Process

EstrellaTV Parent LBI Files For Bankruptcy

Burdened with $530 million in debt, LBI Media Inc. and 17 of its affiliates and subsidiaries have filed for Chapter 11 relief in the Bankruptcy Court for the District of Delaware, announcing plans for a company reorganization. The privately owned Spanish-language media company operates EstrellaTV network, 10 television and 17 radio stations across the U.S. Sold To Bleacher Report Co-Founder

Weinstein Co. Auction Pushed To May 4

The bankruptcy auction for the sale of The Weinstein Co. has been moved to May 4 from an original date of May 2, and creditors want stalking horse bidder Lantern Capital to explain how it values separate pieces of the company’s assets in its $425 million bid.

Weinstein Co. Files For Bankruptcy

The scandal-ridden Weinstein Co. said Monday it has  filed for bankruptcy protection and entered into a “stalking horse” agreement with an affiliate of Dallas-based Lantern Capital Partners, meaning the equity firm has agreed to buy the company, subject to approval by the U.S. Bankruptcy Court in Delaware.

iHeartMedia Files For Bankruptcy

The largest U.S. radio company filed for Chapter 11 bankruptcy protection as it struggles to deal with its $20 billion debt pile.

IHeartRadio Preparing For Bankruptcy

Embattled iHeartMedia Inc. is circulating documents for a bankruptcy filing that could come as soon as this weekend for the biggest U.S. radio broadcaster. Advisers to some of iHeart’s senior creditors have been shown bankruptcy papers that would be used on the first day of court proceedings, according to people with knowledge of the matter.

Weinstein Co. Talks Fail; Bankruptcy Looms

The Weinstein Co. appears headed for bankruptcy four months after larger-than-life film mogul Harvey Weinstein was brought down by multiple allegations of sexual misconduct and assault. Dropping a Sunday night bombshell, the board of TWC said it has no choice but to pursue bankruptcy in a sharply worded letter rebuking potential buyers Maria Contreras-Sweet and Ron Burkle, who were part of a group of investors looking to redeem the film and production company.

Cumulus Begins Chapter 11 Restructuring

There are some hurdles ahead as the radio group seeks to restructure its $2.3 billion in debt.

Cumulus To Restructure Under Chapter 11

Just ahead of debt default, the nation’s second-largest radio group yesterday filed for bankruptcy while offering a restructuring plan to reduce debt by more than $1 billion. “Our existing secured lenders will become our new majority shareholders.”

VidAngel Files For Bankruptcy Amid Legal Battle

Gawker Media Files For Chapter 11 Protection

The New York company says in the filing that it has as much as $500 million in debt and up to $100 million in assets.

‘Idol’ Production Company Files For Bankruptcy

DMAS 105 & 209

Sinclair Buys Six Pappas Stations In Neb.

The broadcast group pays $31.25 million to add to its portfolio the Nebraska stations KFXL Lincoln, KHGI Kearney, KHGI-LD O’Neill, KWNB-LD Hayes Center, KWNB-LD McCook and KHGI-CD North Platte.

Six Pappas Stations To Be Auctioned

Bids for the stations, all in Nebraska, are due by 5 p.m. on Oct. 19, with the auction set for Oct. 27

Aereo Bankruptcy Auction Fetches Under $2M

Aereo, the defunct streaming-TV service shuttered last year over copyright violations, raised less than $2 million from the sale of its assets in a bankruptcy auction this week. An attorney for Aereo calls the results disappointing. The company had expected to bring in anywhere from $4 million to $31.2 million.

Luken Hit With $47M Verdict, Files For Ch. 11

On Friday, a jury in U.S. District Court in Little Rock, Ark., found that the transfer of Equity Media Holdings Corp.’s Retro Television Network to Equity’s Chairman-CEO, Henry Luken, for $18.5 million “was a constructively fraudulent transfer,” as alleged by Equity’s bankruptcy trustee. The jury awarded $47.4 million to the bankruptcy trustee. Luken Communications LLC turned around and on Sunday filed for Chapter 11 reorganization in U.S. Bankruptcy Court in Chattanooga.

CABLEready Files For Bankruptcy Protection


Tribune Ends Bankruptcy With Lower Earnings

The company’s broadcasting division, which includes WGN Chicago that’s carried on many cable services, generated an operating profit of $366.5 million last year, up 10% from $332 million in 2011. Broadcasting revenue edged up 4% last year to $1.14 billion.

Tribune Plan On Hold Pending $1.5B Bond

Tribune Co. creditors won a court stay Wednesday of last month’s order confirming the company’s plan to exit bankruptcy, so long as they pay a $1.5 billion bond.

Tribune Judge Says He’ll Rule By July

The judge overseeing Tribune Co.’s bankruptcy adjourned a hearing today on the company’s reorganization plan and said he’ll issue a decision by July. With some of parties in the case still haggling over some final language for the plan, Delaware Bankruptcy Court Judge Kevin Carey left open the possibility of a follow-up conference call on Monday if they can’t resolve their differences and send him the final plan by next week.

Tribune Bankruptcy Fees Top $150 Million

You won’t find Tribune Co.’s bankruptcy lawyers looking in the want ads any time soon. Professional fees topped $150 million last month in the newspaper publisher and television station operator’s Chapter 11 case.

Tribune Creditors Revise Bankruptcy Plan

Tribune Co bondholders led by hedge fund Aurelius Capital Management on Monday filed a revised bankruptcy reorganization plan for the media company, hoping to overcome objections by senior creditors.

Banker Defends Tribune Co. Restructuring

David Kurtz, a managing director for Lazard Ltd., was the first witness in a two-week hearing that could decide the fate of the media conglomerate. U.S. Bankruptcy Judge Kevin Carey must decide whether to approve Tribune Co.’s proposed reorganization plan, a competing plan submitted by dissident bondholders, or neither.

Tribune Co. Bankruptcy Nearing Finish Line

After 27 months of legal wrangling, Tribune Co. and its creditors today are finally headed into what could be the deciding chapter of the company’s tangled bankruptcy saga.

What Tribune Tried To Keep Secret In Ch. 11

On Tuesday, Tribune filed a letter with its bankruptcy court judge, then re-filed it the next day with lots of blacked-out material. Among the redacted material: details on the $268 million insider bonanza the year before the Chapter 11 filing and the payment of $23.7 million to big lender J.P. Morgan Chase & Co. out of the view of the bankruptcy judge.

MGM Finally Exits Bankruptcy

Metro-Goldwyn-Mayer has emerged from bankruptcy protection, the studio announced on Monday.Its exit from Chapter 11 means that Spyglass chiefs Gary Barber and Roger Birnbaum will assume leadership immediately as co-chairmen and CEOs.

Halmi’s RHI Entertainment Files For Ch. 11

In a move that underscores the dramatically changing of tastes of television viewers and the overleveraged finances of some media companies, the once-vibrant Robert Halmi Inc. production company has filed a prepackaged Chapter 11 reorganization in New York Bankruptcy Court.

Creditors To Vote On Tribune’s ‘4-Ring Circus’

Bankrupt broadcaster and newspaper publisher Tribune Co. will enter the home stretch of its reorganization this week after a judge said he expects to clear the way for creditors to vote on how to end the Chapter 11 case.

MGM: Court OKs Pre-Packaged Bankruptcy

LOS ANGELES (AP) — Troubled studio Metro-Goldwyn-Mayer Inc. says that a federal bankruptcy court has approved its prepackaged bankruptcy plan. In the plan, its lenders will exchange nearly $5 billion in debt for ownership of the company that owns half of “The Hobbit” movies. The two movies are to go into production in February. Co-CEO […]

Tribune Bankruptcy Judge Pushed To Limits

The judge in Tribune Co.’s nearly two-year-old bankruptcy case struggled openly at a key hearing Monday as he attempted to referee what one participant described as a “four-ring circus” and another called “total chaos.”

MGM Files For Pre-Packaged Bankruptcy

Hollywood studio Metro-Goldwyn-Mayer Inc., the home of James Bond, says it has filed for bankruptcy protection as the culmination of a long process to restructure its finances with the support of lenders.