Eliza Ronalds-Hannon
Senior Reporter at Bloomberg News
Reporter at @business covering credit markets, corporate crises, bankruptcies. Views are my own. Don’t lie to me.
Articles
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4 days ago |
news.bloomberglaw.com | Christopher Palmeri |Eliza Ronalds-Hannon
Producer and host Byron Allen has hired Moelis & Co. to find buyers for 28 local TV stations his company owns, in an effort to reduce debt while taking advantage of potential deregulation in the broadcast business. Allen, who got his start as a standup comic, owns affiliates of major networks — ABC, CBS, NBC or Fox — in 21 markets. He spent more than $1 billion acquiring the portfolio over the past six years, according to a statement from his Allen Media Group on Monday.
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4 days ago |
bloomberg.com | Christopher Palmeri |Eliza Ronalds-Hannon
Byron Allen(Bloomberg) -- Producer and host Byron Allen has hired Moelis & Co. to find buyers for 28 local TV stations his company owns, in an effort to reduce debt while taking advantage of potential deregulation in the broadcast business. Allen, who got his start as a standup comic, owns affiliates of major networks — ABC, CBS, NBC or Fox — in 21 markets. He spent more than $1 billion acquiring the portfolio over the past six years, according to a statement from his Allen Media Group on Monday.
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1 week ago |
bloomberg.com | Eliza Ronalds-Hannon |Reshmi Basu |Irene Perez |Irene Pérez
A Neiman Marcus store in Garden City, New York. (Bloomberg) -- Saks Global Enterprises told creditors it had an adjusted loss of more than $100 million last fiscal year, one day after it announced a $350 million financial lifeline ahead of a looming coupon payment. The luxury retailer has $275 million in overdue payments to suppliers, management told bondholders in a Friday call where it also shared figures from the 12-month period ended Feb.
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1 week ago |
news.bloomberglaw.com | Eliza Ronalds-Hannon |Reshmi Basu |Irene Perez |Irene García Pérez
Saks Global Enterprisestold creditors it had an adjusted loss of more than $100 million last fiscal year, one day after it announced a $350 million financial lifeline ahead of a looming coupon payment. The luxury retailer has $275 million in overdue payments to suppliers, management told bondholders in a Friday call where it also shared figures from the 12-month period ended Feb. 1, according to people with knowledge of the call’s contents.
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1 week ago |
treasuryandrisk.com | Josyana Joshua |Eliza Ronalds-Hannon |Caleb Mutua
A Wall Street sign near the New York Stock Exchange (NYSE) in New York City on May 22, 2025. Photographer: Michael Nagle/Bloomberg. For much of the year, money managers have embraced optimism and snatched up corporate bonds, sending valuations to ever more expensive levels. Now Wall Street titans are saying it’s time to focus on how bad things can get.
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RT @racheladhe: ADDICTED TO ICE: Small, rural communities are convinced their economic well-being depends on ICE contracts that keep privat…
Rite Aid is preparing to join the growing Chapter 22 club, with another potential bankruptcy filing less than one year after exiting its last. https://t.co/41RBBzvgCL
Hooters filed for bankruptcy in Texas with a plan to return control to restaurant operators instead of the private equity owners that oversaw its decline. Read our story on how the Hooters founders think they can revive the brand for the modern era: https://t.co/yee5F6QCll