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Restructuring Troubled Media Firms: Practical Tips for Creditors

December 22, 2011
Troubled Company Reporter

Broadcast media companies have been hard hit by the recession. As a result, creditors are forced to evaluate strategic alternatives in and outside of bankruptcy. The key asset of a broadcast media company is its broadcast license issued by the Federal Communications Commission (“FCC”). Before restructuring of a broadcast media company can be consummated, FCC regulations present various obstacles that must be cleared. This article identifies some of the practical issues that arise in restructuring a troubled broadcast media company in chapter 11 and some tips to effectively deal with these issues.