LBI Media secures exclusivity extension following plan confirmation

By Caroline Salls

Pittsburgh, April 23 – LBI Media, Inc. received a 120-day extension of its exclusive periods for filing and soliciting votes on a Chapter 11 plan, according to an order filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

Under the extension, LBI’s exclusive plan-filing period was extended through July 19 and the solicitation period through Sept. 17.

As previously reported, LBI has filed a plan of reorganization, which was confirmed earlier this month.

However, the company said the plan will not take effect until regulatory approvals are obtained following confirmation.

LBI Media is a Burbank, Calif., owner and operator of Spanish-language radio and television stations. The company filed bankruptcy on Nov. 21 under Chapter 11 case number 18-12655.

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