Bloomberg is reporting that Nassau is facing an involuntary petition for bankruptcy from creditors for which the company owes over $80 million. Goldman Sachs says it is owed nearly $70 million of the $83 million from the Nassau debt. Fortress has also made a claim for more than $11.2 million, and P.E. Capital LLC. seeks $2.8 million. The Chapter 7 petition has been filed in U.S. Bankruptcy Court in Wilmington. Nassau runs or owns stations in New Jersey, Maine, New Hampshire, Vermont, Maryland and Pennsylvania.
Add a Comment Send This Story To A Friend
