Morris Nichols Bankruptcy Alert - LBI Media, Inc. and Certain of Its Affiliates File Chapter 11 Bankruptcy Cases in Delaware

On November 21, 2018, LBI Media, Inc. and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.

Lead Case No. – 18-12655.

Debtor(s) – LBI Media, Inc.; LBI Media Holdings, Inc.; LBI Media Intermediate Holdings, Inc.; LBI Radio License LLC; Empire Burbank Studios LLC; Liberman Broadcasting, Inc.; Liberman Broadcasting of California LLC; Liberman Broadcasting of Dallas LLC; Liberman Broadcasting of Dallas License LLC; Liberman Broadcasting of Houston LLC; Liberman Broadcasting of Houston License LLC; Liberman Television LLC; Liberman Television of Houston LLC; Liberman Television of Dallas LLC; Liberman Television of Dallas License LLC; KZJL License LLC; KRCA Television LLC; and KRCA License LLC.

Description of Debtor(s) – Radio and television broadcasters.

Website of Debtor(s) (URL) www.lbimedia.com.

Assigned Judge – The Honorable Christopher S. Sontchi.

Proposed Counsel – The Debtors' proposed bankruptcy co-counsel are Weil, Gotshal & Manges LLP and Richards, Layton & Finger, P.A. 

Proposed Financial Advisor – Alvarez & Marsal North America, LLC.

Proposed Investment Banker – Guggenheim Securities, LLC.

Plan Status – A Plan was filed with the petitions. 

First Day Hearing – A first day hearing has been scheduled for November 27, 2018 at 10:00 a.m. ET. 

Bankruptcy Documents  –

Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.

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