The Daily Docket: Battle Looms Over Dodgers TV Rights

08/02/11

News Corp.’s Fox Sports is protesting the Los Angeles Dodgers’ request to hire Blackstone Group to market the team’s media rights, setting up a potential battle with the broadcaster that, until recently, had been one of embattled owner Frank McCourt’s biggest supporters. Read the Daily Bankruptcy Review story here.

Marco Polo Seatrade B.V., a tanker-ship owner based in the Netherlands, on Friday filed for Chapter 11 bankruptcy protection in Manhattan seeking to restructure. Read the DBR Small Cap story here.

(The Daily Bankruptcy Review and DBR Small Cap are daily newsletters with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial to DBR, click here. For DBR SC, click here.)

Central Falls, R.I., filed for Chapter 9 bankruptcy protection Monday, The Wall Street Journal reports.

Providence Journal profiles Judge Frank J. Bailey, the judge who’ll oversee Central Falls’ bankruptcy case.

The owner of the Hooters Hotel in Las Vegas on Monday filed for Chapter 11 bankruptcy, the Las Vegas Review-Journal reports.

Megachurch Crystal Cathedral has scrapped plans to sell its California campus and is instead asking for $50 million in donations to pay off its debt, the Los Angeles Times reports.

A U.S. bankruptcy judge has refused to dismiss a $245 million lawsuit filed against Cohmad Securities Corp. by the trustee recovering money for victims of Bernard Madoff’s Ponzi scheme, Reuters reports.

General Growth Properties Inc., which emerged from Chapter 11 protection last year, posted a wider second-quarter loss on a debt-related charge as the shopping mall owner also posted lower-than-expected revenue, Dow Jones Newswires reports.

SeraCare Life Sciences, which emerged from Chapter 11 protection in 2007, put itself on the block Monday, the Boston Herald reports.


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