Monday, September 16, 2019

MGM — GOING OUT LIKE A LAMB?

October 8, 2010 by · Leave a Comment 

MGM would appear to be the latest media company to fall into bankruptcy after being sold to owners who paid too much for it in a leveraged buyout ($4.8 billion) and then discovered that they weren’t earning enough to pay interest on the debt. Published reports said today (Friday) that the studio is attempting to […]

BLOCKBUSTER DECLARES BANKRUPTCY

September 23, 2010 by · Leave a Comment 

Unable to lift itself out from beneath a nearly $1-billion debt load, Blockbuster today (Thursday) filed for Chapter 11 bankruptcy protection. It said it plans to convert most of its debt into equity under a reorganization with bondholders that hold about 80 percent of its senior notes. Blockbuster said that they had agreed to provide […]