This is a public record generated listing.
Assets of Publishing Magazines Business
Listing Information
Attachments
Assets of Publishing Magazines Business
Price: Not Specified
Other Item Info
Item #: ilnbke_1477789
Created: 06/14/2019
Category: Business Property > All Assets or Going Concerns > Media
Sale Location: Chicago, Illinois
Sale Date: Wed. Jul 17, 2019
Created: 06/14/2019
Category: Business Property > All Assets or Going Concerns > Media
Sale Location: Chicago, Illinois
Sale Date: Wed. Jul 17, 2019
Seller Info
Neville Reid
Trustee's Attorney
200 W. Madison Suite 3000
Chicago, IL 60606
312 224-1200
Trustee's Attorney
200 W. Madison Suite 3000
Chicago, IL 60606
312 224-1200
Bankruptcy Info
Case #: 1:19-bk-10236
Case Title: Johnson Publishing Company, LLC
Court: Illinois Northern Bankruptcy Court
Chapter: 7
View Case Docket
Case Title: Johnson Publishing Company, LLC
Court: Illinois Northern Bankruptcy Court
Chapter: 7
View Case Docket
Description
Auction Sale of assets of Johnson Publishing Company, LLC, including all of the seller's right, title and interest in and to the Debtor’s iconic archive collection of images and audio and video media documenting African-American History for the last seventy years, together with certain equipment and other tangible property used in connection with the archive.
Financial Overview
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Sale Location
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Chicago, IL, 6006
Additional Details
- Auction Time: 10:00 a.m.
- Sale Hearing Held on July 23, 2019.
- Minimum cash purchase price for the Assets of no less than $12.5 million plus payment of the Cure Amounts, unless the Trustee has designated a Stalking Horse Bidder, in which event the Qualified Bidder shall propose (i) a cash purchase price that exceeds the sum of (x) the Stalking Horse Bid price plus (y) the combined Break Up Fee and Expense Reimbursement payable in the event the Stalking Horse Bidder is not the Prevailing Purchaser (as defined below), plus (z) $50,000
- Bid Deposit: 10% of the gross amount of the bid
- Bid Deadline: July 15, 2019
- Last date to respond: July 22, 2019