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New Vision files for bankruptcy

July 16, 2009 by Veronica Villafañe

Another one bites the dust? New Vision Television filed for Chapter 11 on Tuesday as it tries to restructure $400 million in debt. In the first days of the proceedings the company was able to secure a $28 million credit line to speed it through the process.

The Atlanta-based company, formed in 1993, owns and/or operates 14 full-power affiliates, 4 non-affiliate stations and has close to 800 employees.

Filed Under: People

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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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Veronica Villafañe, Editor & Publisher

Emmy award-winning journalist and former president of the National Association of Hispanic Journalists (NAHJ). Currently a reporter for Voice of America, she has worked as an on-air reporter, anchor, writer and producer for Spanish and English-language TV, print and online media, including Univision, Telemundo, Fox 11 News in L.A. and the San Jose Mercury News.

Hispanic media and entertainment contributor to Forbes.

Full bio here
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