Latin DirecTV gains court approval

Sutter, Mary
January 2004
Daily Variety;1/12/2004, Vol. 282 Issue 10, p13
Trade Publication
Reports on the decision of the U.S. bankruptcy court in Delaware to approve a disclosure statement by DirecTV Latin America of Fort Lauderdale, Florida, paving the way for the company to emergence from court protection by MARch 2004 if creditors approve its reorganization plan. Bankruptcy protection filing made by the satellite broadcaster in March 2003, having registered operating losses of more than a billion dollars; Ruling made by Judge Peter J. Walsh that the disclosure contained enough information with which DirecTV can seek creditor approval.


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