Chicago BBS newspaper company announced that it is after four years of bankruptcy.
BBS newspaper "said, after the reorganization of the media company on Monday to start a new ownership - Sunday night's preferred creditor - a new board of directors: Bruce karsh, Ken bright, Peter murphy, Ross levine thon, Craig Jacobsen, Peter GuoLi and Eddie ha teng Stan.
"BBS will get rid of the bankruptcy procedure as a multimedia company and a great combination of earnings assets, strong brand main market and capital structure greatly improved, said:" ha teng Stan, BBS's chief executive.
Senior creditors, AnZu Gordon oak capital management company and jpmorgan chase will control new company. "Chicago BBS newspaper" reported that Sunday night, GuoLi, in the discovery and fox former TV implementation, is expected to be named CEO BBS corporate reorganization
BBS, founded in 1847, published some of America's most famous newspaper, including "the Los Angeles times", "the Baltimore sun", "Chicago BBS newspaper". The company also has WGN in Chicago and other 22 television, and radio station WGN. BBS report said on Sunday, the new owners hope to sell all the company's assets.
BBS company filed for bankruptcy protection, in 2008, less than a year of time, billionaire developers Sam ? zeljko to cause the dollar to $80 billion leveraged buyouts $1.3 billion worth of debt, left the company.




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