‘Amer­i­can Idol’ Maker Files for Bank­ruptcy

The Economic Times - - Around The World -

Delaware: Core Me­dia Group, the com­pany be­hind the tele­vi­sion shows “Amer­i­can Idol” and “So You Think You Can Dance,” filed for bank­ruptcy pro­tec­tion on Thurs­day. Core, es­ti­mated its li­a­bil­i­ties at $512 mil­lion and as­sets at $73 mil­lion, ac­cord­ing to court records.Si­mon Fuller, the com­pany’s for­mer chief ex­ec­u­tive, who had been re­tained as a con­sul­tant, was listed as be­ing owed $3.3 mil­lion, mak­ing him the largest un­se­cured cred­i­tor. NYT

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