Despite all the gloom in the newspaper business, which he says will likely still have to suffer more pain and possible bankruptcies, New York Times media writer David Carr says he believes that thanks to the internet we are living in a “golden age for journalism.” Read more »
Hours away from defaulting on debt, LightSquared filed for bankruptcy protection. The company has said it would use the shelter of Chapter 11 to buy time in its fight to build its nationwide LTE network, but this could just be a prelude to a liquidation of assets. Read more »
LightSquared is preparing for a potential bankruptcy filing on Monday as it has made little progress in its negotiations with debtholders. If LightSquared does enter into bankruptcy it might find Dish Network waiting, eager to relieve it of its spectrum. Read more »
The Blockbuster brand emerged from the ashes of bankruptcy to have an impact on the bottom line of its new owner, Dish Network (NSDQ: DISH).… Read more at paidContent »
Some good news and bad news for the beleaguered battery maker Ener1. On Thursday, the company announced it’s filing for Chapter 11 in New York, but has done so under a pre-arranged restructuring plan that includes commitments for up to $81 million from investors. Read more »
A federal judge yesterday gave the thumbs up to a plan that will allow Lee Enterprises (NYSE: LEE) to exit bankruptcy later this month with… Read more at paidContent »
Asia, with its rapidly growing number of car owners and large pollution problems, could very well be the biggest market for biofuels and green chemicals one day. LanzaTech, which announced Monday it has raised $55.8 million, is certainly finding more willing customers and partners Asia. Read more »
Carl Icahn has been quietly buying up LightSquared’s debt a rock bottom prices, which would put the activist investor in position to take over the company in the increasingly likely event of bankruptcy. But would there be anything left of LightSquared to salvage? Read more »
Nanosolar, which has struggled for years to fulfill its promise as the next major thin-film solar manufacturer, announced Thursday it has a new CEO. Eugenia Corrales, who has been the startup’s head of engineering and operations, is taking over the chief executive post effective immediately. Read more »
Lee Enterprises (NYSE: LEE), the Iowa-based publisher of dozens of newspapers and digital ventures, plans to use bankruptcy proceedings to r… Read more at paidContent »
Random House and Borders have proposed an amount the publisher is owed from the bookseller’s bankruptcy. Read more at paidContent »
In order to clinch its purchase of 40 million customer names from bankrupt Borders, Barnes & Noble (NYSE: BKS) made a series of promises to… Read more at paidContent »
Barnes & Noble’s $13.9 million purchase of Borders’ intellectual property assets is on hold after a federal judge said he needed more time t… Read more at paidContent »
Multiple bidders separately acquired a variety of intellectual property assets from bankrupt Borders, including its trademarks and website a… Read more at paidContent »
In a remarkable court filing, copyright enforcer Righthaven today warned that it cannot afford to pay a defendant $30,000 in legal fees and… Read more at paidContent »
It’s not a startup, but it’s the latest member of the cleantech graveyard. On Monday, Evergreen Solar filed for Chapter 11 and announced it will be selling its assets, laying off 65 people and suspending operation of its Midland, Mich. filament factory. Read more »
NextWave, a wireless spectrum holding company, warned it may be heading to bankruptcy. But NextWave has spectrum that could be used for mobile broadband that it has been trying to sell since November 2009. Its financial woes explain why the U.S. spectrum policy is so difficult. Read more »
Dish Network could keep as few as 600 retail Blockbuster locations open, a strategy that highlights the importance of the video store’s digital rights. Those rights, along with some spectrum it got in the acquisition of DBSD, could help Dish expand its streaming video services. Read more »
Blockbuster is telling Hollywood studios that it is preparing for a mid-September bankruptcy through which it would attempt to recapitalize and shed some lagging assets. The bankruptcy filing comes as the video rental firm attempts to stay alive despite holding nearly $1 billion in debt. Read more »
When companies are dying, it’s rarely a quick and painless process. Even so, the demise of Blockbuster has felt like an especially drawn-out and painful one. The latest development came late Tuesday when the company submitted an SEC filing warning that it may file for Chapter […] Read more »
