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8 months ago
BRIEF-Scout Media commences sale process; transaction facilitated via voluntary Chapter 11
December 12, 2016 / 6:09 PM / 8 months ago

BRIEF-Scout Media commences sale process; transaction facilitated via voluntary Chapter 11

Dec 12 (Reuters) - Scout Media Inc:

* Scout Media commences sale process; transaction facilitated via voluntary Chapter 11

* Commenced a sale process and is currently in discussions with numerous interested parties

* Received DIP financing commitment of up to $6.2 million from existing lender, multiplier capital to fund ongoing operations during this time

* During bankruptcy proceedings, the company will continue to operate in the ordinary course of business Source text for Eikon:

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