Lenard Liberman, founder of LBI Media, is out as CEO. The news comes as the company announced it has emerged from chapter 11 bankruptcy protection – a process it started in November 2018 when, burdened with $530 million in debt, it sought to fend off a multitude of creditors.
Former Granite Broadcasting executive Peter Markham takes over the reins as CEO of the Spanish-language media company, following completion a court-approved reorganization plan.
As part of the executive changes, Brian Kei was promoted to COO.
More details are available on Forbes.