21
September , 2017
Thursday

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New York, NY (BlackNews.com) — Inner City Media Corporation (the “Company”) announced that it has reached an agreement in principle with its senior lenders, pursuant to which the Company will implement a consensual pre-negotiated financial restructuring that will result in a restructured balance sheet.

The agreement provides that the Company and the senior lenders will file a chapter 11 plan of reorganization by mid-October, which is anticipated to, among other things, provide for the payment in full of all allowed administrative and general unsecured claims, subject to confirmatory due diligence by the senior lenders. The Company expects to emerge from bankruptcy protection by the end of 2011 and looks forward to working with the senior lenders in its emergence from bankruptcy.

More information about the reorganization may be found at www.gcginc.com/cases/ICBC.

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Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

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