Chapter 11 Bankruptcy News
Univision to Buy Gawker Media
In the wake of a lawsuit, Gawker Media has agreed to sell the company to Univision , according to Nick Denton, Gawker's founder. A source familiar with the deal told ABC News that the agreed price is $135 million. "I am pleased that our employees are protected and will continue their work under new
Gawker Founder Nick Denton Files for Bankruptcy Protection
Gawker Media founder Nick Denton today filed for Chapter 11 bankruptcy to protect his personal assets from former wrestler Hulk Hogan , according to paperwork obtained by ABC News. Denton owes $125 million to Hogan, according to his bankruptcy filing, which helps keep Hogan from collecting on his
'Dance Moms' Star Abby Lee Miller Appreciates Support During a 'Challenging Time'
"Dance Moms" star Abby Lee Miller is grateful for her fans' supports in the wake of her legal woes. Miller pleaded guilty today to one count of concealing assets of her bankruptcy estate and one count involving the currency reporting requirements related to international travel, according to a
Clinton: Trump's Written 'a Lot of Books' That 'Seem to End at Chapter 11'
The presumptive Democratic nominee questions whether the GOP candidate's business history is a good fit for America.
Gawker Media Enters Into Purchase Agreement With Ziff Davis After Filing Bankruptcy
Shortly after Gawker Media filed for Chapter 11 bankruptcy today, the media company announced that it had entered into an asset purchase agreement with Ziff Davis, a global digital media company that is a subsidiary of j2 Global, Inc. During the sale process, Gawker Media's seven media brands will
Burt Reynolds Calls Sally Field the 'Love of My Life'
It's been more than 30 years since Burt Reynolds and Sally Field broke up, but Reynolds still isn't over her. Calling Field the "love of my life," Reynolds, now 79, confessed to Vanity Fair that "I miss her terribly." "Even now, it’s hard on me. I don’t know why I was so stupid," he continued. "Men
American Apparel, Once Worth Nearly $1 Billion, Is Now Bankrupt
American Apparel , once a juggernaut in the fashion industry, is now bankrupt, a precipitous fall for a company that was once worth $1 billion. The California-based company filed for Chapter 11 protection in Delaware today. As part of a deal with lenders, the company said it will continue operating
American Apparel to File for Bankruptcy
The company say that no U.S. stores will close as a result of the restructuring plan.
50 Cent Spends $5,000 a Month on Gardening and $1,000 a Month on Grooming, Court Documents Say
Rapper 50 Cent spends $5,000 a month on "gardening," another $1,000 for grooming and $3,000 per month on his wardrobe, according to new filings in bankruptcy court. The 40-year-old musician, whose real name is Curtis Jackson, revealed his monthly expenses and income in new documents filed Monday in