PNE Media Enters Ch. 7 With Eye On Liquidation
PNE Media filed its Chapter 7 petition Monday in the U.S. Bankruptcy Court for the District of Delaware, listing no assets and estimating the company's liabilities at $248.9 million.
The debtor is an outdoor advertising company created by Alta Communications Inc., BancBoston Capital and other investors, according to Alta.
From 1998 to...
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