Inner City Media Wants More Time To File Ch. 11 Plan

Law360, New York (August 29, 2012, 3:20 PM EDT) -- Inner City Media Corp. asked a New York bankruptcy judge Tuesday for more time to file a Chapter 11 plan, saying a crucial sale agreement it reached might not get Federal Communications Commission approval, a development that would change its whole game plan.

The debtor asked U.S. Bankruptcy Judge Shelley C. Chapman to enter an ex parte bridge order extending the period during which it exclusively can file a Chapter 11 plan to Oct. 19, and the period during which it can solicit acceptances until Dec....
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