Net News search results for: jpmorgan chase
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June 16, 2011
Saga Closes On New Credit Agreement
SAGA COMMUNICATIONS, INC. has closed on its new $120 million credit agreement, including a $60 million term loan and a $60 million revolving loan, initially funded at $92.1 million, with SAGA intending to reduce the outstanding balance by $4.1 million on … more »
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April 7, 2011
Tribune Mediator Gets Court OK To Try Settlement Talks Again
The CHICAGO TRIBUNE is reporting that the mediator in the TRIBUNE bankruptcy case has asked the court for another chance to broker a settlement between the company and its dissident creditors. Hearings on confirming one of two competing reorganization … more »
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February 18, 2011
RAB Documents Radio's Resurgence; Auto Closes 2010 At #1
Radio's consistent 2010 growth culminated with a year-over-year increase of 6% to $17.3 billion, reports THE RADIO ADVERTISING BUREAU. "Coming off solid results through the first three quarters of 2010, Radio's 7% increase in Q4 and full-year gain … more »
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November 1, 2010
Tribune Creditors File Three Competing Reorganization Plans
Three groups of TRIBUNE CO. creditors have submitted their own reorganization plans for the company, competing with TRIBUNE's own proposal (NET NEWS 10/26). One plan, filed by a group headed by AURELIUS CAPITAL MANAGEMENT and WILMINGTON TRUST CO., would … more »
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October 21, 2010
Day Three Of Guy Hands Vs. Citigroup Gets Testy
It was day three in U.S. District Court in MANHATTAN YESTERDAY (10/20), with EMI owner GUY HANDS taking on CITIGROUP, the bank that funded the $4.71 billion in loans to finance the $6.7 billion EMI acquisition in 2007. During TUESDAY's testimony (NET … more »
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October 20, 2010
Guy Hands Testifies He Was 'Tricked' Into Buying EMI
TERRA FIRMA CAPITAL PARTNERS CEO GUY HANDS testified in U.S. District Court in MANHATTAN YESTERDAY (10/19) that his firm would not have bid on EMI if he'd known there were no other bidders. At day two of the trial between HANDS and CITIGROUP (NET NEWS … more »
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June 17, 2010
Court Orders JPMorgan Chase To Produce Records In Tribune Case
JP MORGAN CHASE has been ordered by the U.S. Bankruptcy Court to produce the names and addresses of current TRIBUNE CO. credit agreement debt holders and a list of payments made under that agreement prior to TRIBUNE's bankruptcy filing. The order … more »
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June 2, 2010
Report: Bug Music For Sale
BUG MUSIC, established in 1975 by entrepreneur Dan Bourgoiseand, is being shopped by JPMORGAN CHASE -- with an asking price of $300 million. BUG owns 250,000 copyrights to songs including "What a Wonderful World," and "The Real Slim … more »
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March 5, 2010
Tribune Bondholders Sue Lenders
Bondholders in bankrupt TRIBUNE CO. have sued the company's lenders, alleging that the banks' loans led to the bankruptcy. WILMINGTON TRUST CO., as agent for the lower-ranking creditor bondholders, filed the suit in U.S. Bankruptcy Court in DELAWARE … more »
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December 21, 2009
Citadel Files For Bankruptcy
As first reported by ALL ACCESS over the weekend (NET NEWS 12/20), CITADEL BROADCASTING, the nation's third biggest radio broadcaster has indeed filed for bankruptcy by filing a voluntary petition with the bankruptcy court. See the petition here. … more »