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BankruptciesLenders Terminate Sale of Satellite Radio Firm WorldSpaceAuthored by Mark Hefflinger on August 31, 2009 - 8:15am.
Silver Spring,
Md. - Lenders have nixed plans for
satellite radio firm WorldSpace to sell its assets to Yenura, a Singapore-based
firm headed by WorldSpace founder and CEO Noah Samara.
Bankruptcy Court Approves Sales of Ritz Camera to Former CEOAuthored by Mark Hefflinger on July 24, 2009 - 7:30am.
Beltsville, Md. - A Delaware bankruptcy court on Thursday
night approved the $33.1 million sale of camera and consumer
electronics chain Ritz Camera to a group led by former CEO David Ritz, the
Washington Business Journal reported.
Ritz Camera CEO Submits Top Bid for Bankrupt Chain's AssetsAuthored by Mark Hefflinger on July 22, 2009 - 8:30am.
Beltsville, Md. - Five months after filing for Chapter 11
bankruptcy protection, Ritz Camera may live on in some form following a
bankruptcy auction on Tuesday.
Sinclair Broadcasting Warns of Possible BankruptcyAuthored by Mark Hefflinger on July 14, 2009 - 9:40am.
Baltimore - As the ongoing recession continues to take its toll on advertising,
Baltimore-based Sinclair Broadcast Group said in a filing with the Securities
and Exchange Commission that it may be forced to file for Chapter 11 bankruptcy
protection.
Sports Broadcaster Setanta Enters AdministrationAuthored by Mark Hefflinger on June 24, 2009 - 11:09am.
London - Setanta Sports, a provider of premium and pay-per-view sporting events like
English Premier League football, has switched off its signals to nearly three
million British households, a day after entering administration, or bankruptcy
proceedings, Reuters reported.
Creditors of Midway Games Settle Suit Against Top ShareholderAuthored by Mark Hefflinger on June 8, 2009 - 8:22am.
Chicago - A group of creditors of bankrupt video game publisher Midway Games (NYSE: MWY)
has settled its lawsuit against Mark E. Thomas, the investor who purchased former
Midway chairman Sumner Redstone's 87% stake in the company for $100,000, Bloomberg
reports.
High-Quality Download Seller HDGiants Files for BankruptcyAuthored by Mark Hefflinger on May 28, 2009 - 9:37am.
Incline Village, Nev. - HDGiants, an online retailer of high-quality HD
downloads of music and video content delivered directly to home entertainment
systems, has filed for Ch. 11 bankruptcy protections in the state of Nevada.
Warner Bros. Bids $33 Million for Midway Games AssetsAuthored by Mark Hefflinger on May 21, 2009 - 9:08am.
 Chicago
- Bankrupt video game publisher Midway Games (NYSE: MWY) said on Thursday that Time Warner's (NYSE: TWX) Warner Bros.
Entertainment has bid $33 million for the majority of its assets, including the
"Mortal Kombat" franchise. Chicago-based Midway declared bankruptcy
in February, after chairman Sumner Redstone sold off his majority stake in the
company.
tags: Games | Deals | Acquisitions | Midway Games | Mortal Kombat | Bankruptcies | Warner Bros. Entertainment |
Direct-to-Consumer Music Platform Mubito Enters AdministrationAuthored by Mark Hefflinger on April 2, 2009 - 9:29am.
Malmo, Sweden - The parent company of Mubito,
a Sweden-based company that builds direct-to-consumer Web platforms for artists
and record labels, has gone into administration, MusicWeek reported.
Chicago Sun-Times Publisher Files for BankruptcyAuthored by Mark Hefflinger on March 31, 2009 - 8:15am.
Chicago - Sun-Times Media
Group, the publisher of the Chicago Sun-Times and 58 other newspapers and
websites serving the Chicago
area, announced on Tuesday that it has filed for Ch. 11 bankruptcy protections.
MP3 Search Engine SeeqPod Files for BankruptcyAuthored by Mark Hefflinger on March 31, 2009 - 7:53am.
Emeryville, Calif.
- SeeqPod, a service that lets users search for songs and stream them from
sites across the Internet, as well as create custom playlists, has filed for
Ch. 11 bankruptcy protection in California,
TechCrunch reported.
Blockbuster Shares Plunge as Company Explores BankruptcyAuthored by Mark Hefflinger on March 3, 2009 - 10:39am.
 San Antonio,
Texas - Video rental giant Blockbuster (NYSE: BBI)
has hired Kirkland & Ellis to explore a possible bankruptcy filing, a
person familiar with the situation told Bloomberg. The news sent the company's
shares plummeting more than 86%, to 13 cents, before trading was halted on the
NYSE.
Flash Memory Maker Spansion Files for BankruptcyAuthored by Mark Hefflinger on March 2, 2009 - 8:53am.
Sunnyvale,
Calif. - Spansion (NASD: SPSN), a maker of
flash memory storage media used in mobile phones, digital cameras and other
consumer electronics, has filed for Ch. 11 bankruptcy protections, in a bid to
restructure $625 million in debt.
tags: Bankruptcies | Spansion |
Ritz Camera Files for Chapter 11Authored by Mark Hefflinger on February 23, 2009 - 9:53am.
Beltsville, Md. - Hurt by sharply lower sales in recent
months, Ritz Camera Centers, a retailer of cameras and other consumer
electronics, on Monday filed for Chapter 11 bankruptcy protection, Reuters
reported.
Sirius XM Scrambles to Avoid Bankruptcy; Exchanges NotesAuthored by Mark Hefflinger on February 13, 2009 - 9:08am.
New York
- Satellite radio firm Sirius XM (NASD: SIRI) said on Friday that it is scrambling to avert
the possibility of having to declare bankruptcy next week.
Midway Games Files for BankruptcyAuthored by Mark Hefflinger on February 12, 2009 - 9:55am.
Chicago - Video game
publisher Midway Games (NYSE: MWY) announced on Thursday that it has filed for Chapter 11
bankruptcy protection in the state of Delaware. The company said its change
in ownership back in November "triggered accelerated repurchase
obligations relating to two classes of Midway debt, which Midway anticipated it
would be unable to satisfy." Former majority shareholder Sumner Redstone, chairman
of Viacom, sold off his stake in December.
Sirius XM Reportedly Preparing for Chapter 11 FilingAuthored by Mark Hefflinger on February 11, 2009 - 8:19am.
 Washington
- Unlikely to find a way to repay its looming debts, satellite radio provider
Sirius XM (NASD: SIRI) has hired advisors to help it prepare for a possible bankruptcy
filing, The New York Times reported. The company currently is saddled with
about $3.25 billion in debt, owing $175 million of it at end of this month, as
well as another $400 million in December.
Muzak Files for Chapter 11 Bankruptcy PtotectionAuthored by Mark Hefflinger on February 10, 2009 - 10:45am.
Fort Mill, S.C.
- Muzak, the provider of in-store and on-hold messaging music, announced on
Tuesday that it has filed for Ch. 11 bankruptcy in the state of Delaware.
Circuit City Talking with Two "Interested Parties"Authored by Mark Hefflinger on January 12, 2009 - 9:25am.
Richmond, Va. - Two months after filing for Chapter 11 bankruptcy protection, consumer electronics retailer Circuit City Stores revealed that it is in "significant" talks with two "highly motivated and interested parties." U.K. Indie Distributor Pinnacle Enters Bankruptcy AdministrationAuthored by Mark Hefflinger on December 4, 2008 - 11:56am.
London - Pinnacle, a U.K.-based distributor of physical music products like CDs for more than 1,000 independent record labels, has gone into administration (i.e. declared bankruptcy), according to published reports. |
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