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International Media Group Files for Bankruptcy in Delaware

By Dawn McCarty - 2012-01-09T17:30:04Z

International Media Group Inc., a multilingual television broadcaster, filed for bankruptcy in Delaware.

The company listed both assets and debt of $100 million to $500 million in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington. AsianMedia Group LLC and five other affiliates also sought protection.

International Media Group provides multilingual television programming services. The company produces and broadcasts various Asian- and English-language paid, syndicated and local programming. International Media serves communities in California and Hawaii.

The Los Angeles-based company hired Houlihan Lokey Capital Inc. as financial advisers, court papers show.

The case is In re International Media Group Inc., 12-10140, U.S. Bankruptcy Court, District of Delaware (Wilmington).

To contact the reporter on this story: Dawn McCarty in Wilmington, Delaware, at dmccarty@bloomberg.net

To contact the editor responsible for this story: John Pickering at jpickering@bloomberg.net