New Delaware Chapter 11 Filing – Fuse, LLC, et al.

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Fuse, LLC, along with eight affiliates and subsidiaries (“Fuse Media”), has filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-10872).  Fuse Media, a multicultural media company composed principally of two cable networks, Fuse and FM, is headquartered in Glendale, CA.  According to the First Day Declaration, Fuse Media has filed for chapter 11 as a result of the general headwinds facing the pay-tv industry, which led to Comcast and Verizon Fios dropping the Fuse network on December 31, 2018.  Fuse Media has filed a prepackaged plan of reorganization, which is supported by approximately 82% of its senior secured noteholders, and is seeking to have a combined confirmation and disclosure statement approval hearing during the first week of June 2019.  The Disclosure Statement can be found here and the Plan Supplement can be found hereKurtzman Carson Consultants is the proposed claims and noticing agent.  The cases have been assigned to the Honorable Kevin Gross.

Contact Norman L. Pernick, G. David Dean or Myles R. MacDonald for more information regarding this matter.

As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.

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