Ominous Takeover of Hispanic Broadcaster by Global Finance Firm

In mid-November last year, Estrella TV parent company LBI Media, Inc.—which owns and operates 10 television and 17 radio stations nationwide as well as production facilities in Los Angeles—filed for Chapter 11 bankruptcy based on a plan for reorganization submitted in lock-step with HPS Investment Partners, its primary lienholder. A global finance corporation, HPS has …

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