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Media, sports & entertainment coverage - ElevenFlo

Media, sports & entertainment coverage

35 articles

Week of September 7, 2026

DISH DBS Repays $2 Billion in Notes During Chapter 11

DISH DBS repaid $2 billion in notes on July 28. Its modified plan proposed $5 billion in remaining debt, a wireless asset sale, and separate recovery mechanisms for disputed network claims.

LIV Golf Files Chapter 11, Pursues $300M Recapitalization

LIV Golf proposes a $300 million recapitalization with majority common ownership for players. A separate $49.6 million PIF loan request would fund operations and the bankruptcy cases, subject to approval.

Week of July 20, 2026

Local First Media Completes $1.28M Alaska Radio Sale to Alaska First Media

Local First Media's Chapter 15 case recognized an Alberta receivership that sold Alaska radio assets to Alaska First Media for $1,280,797.59, resolving a municipal tax objection and moving the estate into post-sale wind-down.

Week of June 1, 2026

Pivotal Post: $22M Insider Credit-Bid Sale and Dismissal

Film and TV post-production company Pivotal Post filed chapter 11 in Delaware in November 2024. The debtors' prepetition lenders credit-bid $22M to acquire assets through Film Services International. The case dismissed May 19, 2025 with no recovery for unsecured creditors.

Village Roadshow: Liquidation Plan Confirmed with $57M Warner Bros. Settlement

Village Roadshow Entertainment Group's chapter 11 plan was confirmed in Delaware on April 17, 2026 and went effective May 1, 2026. The plan distributes $440M of Alcon sale proceeds and grants Warner Bros. a $57.05M allowed claim, ending the Matrix arbitration. Bar date June 1, 2026.

Week of May 18, 2026

Pinstripes Holdings: From $520M SPAC Debut to Chapter 7 in Under Two Years

Pinstripes public holding company sold its eatertainment assets to lender affiliate SilverStrike through a $15M credit bid, then converted from chapter 11 to chapter 7.

Food52 Liquidation: Effective Plan and First Trust Report

Food52’s plan became effective May 22, 2026. The trust reported no unsecured-creditor payments through June 30; recovery projections are historical.

Week of May 4, 2026

Emmerich Newspapers: Mississippi Publisher Files Chapter 11 Amid Copyright Litigation

Emmerich Newspapers filed chapter 11 March 20, 2026 in S.D. Mississippi (Case No. 26-00793). The Jackson-based group operates 25+ papers across the Mississippi Delta with copyright suits against NewsBreak and an antitrust action against Google pending. Capital structure not yet disclosed.

Legacy Cares Files Chapter 11 After $284M Arizona Revenue Bonds Default; Mesa Sports Park Sells for $25.8M

Arizona nonprofit Legacy Cares filed chapter 11 in May 2023 after $284M in revenue bonds defaulted and the Mesa sports complex missed its 2022 revenue budget by over $70M. The park sold for $25.8M in December 2023; the SEC and DOJ charged its founders with bond fraud in April 2025.

Lucky Bucks: Prepackaged Chapter 11, Holdings Converted to Chapter 7

Lucky Bucks filed prepackaged chapter 11 in Delaware on June 9, 2023 with $904 million in funded debt. OpCo confirmed a plan in 49 days and emerged as Arc Gaming; Holdings converted to chapter 7, transferring $237.7 million in alleged dividend-clawback claims to an independent trustee.

Cirque du Soleil: First Lien Lenders Acquire Via $1.09B Credit Bid in CCAA Sale, Case Winds Down After Five Years

Cirque du Soleil filed chapter 15 in Delaware July 2020 as an ancillary to Canadian CCAA proceedings. First lien lenders credit-bid approximately $1.089 billion to acquire the company through Spectacle BidCo. The case closed January 27, 2026 after a five-year wind-down.

McClatchy: Pension Distress Termination, Chatham 363 Sale, and End of Family Control

McClatchy filed chapter 11 in SDNY on Feb. 13, 2020, with $703M in funded debt and an $805M underfunded pension. The PBGC terminated the pension covering 24,000+ participants; Chatham acquired substantially all assets via a $312M 363 sale, ending 163 years of McClatchy family control.

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