Kirch insolvency plan gets court's approval

Meza, Ed
September 2004
Daily Variety;9/20/2004, Vol. 284 Issue 54, p20
Trade Publication
Reports on the plans of insolvent television giant Kirch Media to settle outstanding debts with a number of creditors in Munich, Germany. Approval of the court to the insolvency plan proposed by receiver Michael Jaffe; Agreement of Universal Television and publisher Axel Springer to settle for a fraction of their original claims against Kirch; Disposal of the company's remaining interest in ProSiebenSat.1 Media AG to finance the plan.


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