LBI Emerges From Bankruptcy

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LBI Media has successfully completed its court-approved reorganization plan wiping over $350 million in debt off its books. While mainly a TV company, LBI also owns 17 radio stations and syndicates the Don Cheto Network in 31 markets.

LBI also announced that Peter Markham is the new company CEO, after serving as interim COO. CFO Brian Kei will add COO duties.

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