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Inner City Media Corporation

  1. August 29, 2012

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

    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.

  2. August 14, 2012

    Inner City Media Parent Sues Over Taking Of $1M In Artwork

    The parent company of bankrupt Inner City Media Corp. sued the bankrupt firm's senior lenders, chief restructuring officer and others in New York bankruptcy court Monday for removing $1.1 million in artwork that the lenders allegedly had no claim to from Inner City Media's offices.

  3. August 08, 2012

    Inner City Media Lenders Balk At Akin Gump's Fee Request

    Senior lenders of bankrupt radio company Inner City Media Corp. on Wednesday objected to a $760,000 fee request by the debtors' counsel Akin Gump Strauss Hauer & Feld LLP, saying the payment was substantially higher than budget calculations had allowed for.

  4. June 07, 2012

    Inner City Investor Sues Parent Over 'Bogus' IP Suit

    An Inner City Broadcasting Corp. shareholder sued the nondebtor parent of bankrupt radio company Inner City Media Corp. and creditors including Goldman Sachs Lending Group LP on Tuesday in an attempt to protect 13 trademarks allegedly linked to a loan on which it now owes about $250 million.

  5. February 21, 2012

    Judge OKs $180M Inner City Sale Over US Objection

    A New York bankruptcy judge on Tuesday approved Inner City Media Corp.'s plan to sell itself for $180 million to creditors including billionaire Ron Burkle, overruling the U.S. government's objection that the plan constituted an attempt to dodge $31 million in taxes.

  6. February 16, 2012

    Feds Accuse Inner City Of Using Sale To Dodge $31M Tax Bill

    Federal prosecutors took the unusual step Wednesday of ripping bankrupt Inner City Media Inc.'s plan to sell itself for $180 million to creditors including billionaire Ron Burkle, calling the proceeding a bad-faith attempt to dodge $31 million in taxes.

  7. January 30, 2012

    Inner City Media Parent Targets Lenders To Shield IP Assets

    The nondebtor parent company of Inner City Media Corp., the bankrupt African-American radio station operator, sued Inner City's senior lenders Friday in New York in an effort to protect 13 trademarks allegedly linked to a loan on which Inner City now owes about $250 million.

  8. January 03, 2012

    Union Knocks Inner City Media's Bankruptcy Sale Plans

    A union representing on-air staff with Inner City Media Corp., a radio network geared toward African-Americans, said in New York bankruptcy court Monday that plans to sell the company's assets could run afoul of collective bargaining and employee benefit obligations.

  9. September 13, 2011

    Inner City Media Reaches Deal On Bankruptcy Exit Plan

    Inner City Media Corp., a radio network targeting African Americans, announced Tuesday it had reached a deal with creditors on a plan to bring the company out of bankruptcy protection and keep its pair of historic New York City radio stations on the air.