American Media May Exit Bankruptcy
Posted on Feb 1, 2011 8:15pm PST
American Media, which owns 'The National Enquirer,' will reportedly soon be prepared to exit bankruptcy. This possible bankruptcy exit comes less than two months after the company filed Chapter 11. The company has reportedly been given a court order that will allow the company to cut more than $350 million in debt. The bankruptcy plan has already been approved by bondholders.
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