It is important to note that the description says some of the lenders are on board. It reads like this will be a contested bankruptcy. After the group supporting the plan pins down the details, there is a period during which the dissenting creditors can offer an alternative plan (like John Malone’s plan)
Radio Ink is in serious denial – Entravision reported a 15% drop in quarterly Radio revenue, yet they spin that as a sign of the health of Radio. Entravision is a Spanish language radio and TV operator.