International TV program distributor CABLEready filed for Chapter...
International TV program distributor CABLEready filed for Chapter 11 protection in U.S. Bankruptcy Court in Connecticut, the company said in a press release Friday. CABLEready CEO Gary Lico blamed industry consolidation, competitors willing to pay higher advances for programming, and…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
the “uncertain global economy squeezing independent companies like ours,” said the release. CABLEready will continue operations while looking into “the many possibilities that are available to reorganize its debts and transition the business for the benefit of our employees and customers,” it said. Lico said he believes the Chapter 11 process can restore the company to “financial health.”