Completion of LBI’s financial restructuring provides a strong financial foundation and significant flexibility to grow the business,” said Peter Markham, the Company’s newly-appointed Chief Executive Officer. “LBI Media has a terrific group of assets with exceptional potential. With support from its creditors, including HPS Investment Partners, LLC on behalf of the investment funds and accounts it manages or advises, who sponsored the plan of reorganization, the Company has eliminated more than $350 million of debt from its balance sheet and made significant recoveries available to its trade and general unsecured creditors. (with its affiliates, “LBI” or the “Company”) today announced it has successfully completed its court-approved reorganization plan and emerged from the chapter 11 process today, positioned for long-term growth and success. LBI Media owns radio stations in the Dallas, Houston and Los Angeles markets. Lenard Liberman and Jose Liberman, who served as President, have exited the company. LBI also promotes Chief Financial Officer Brian Kei to COO replacing Winter Horton, who exited for the COO role at Meruelo Media in August. He has also served on the Board of Directors of multiple broadcast, tech and investment firms including R Communications, SP Television, mGage, and Scale Capital.

During his time with Granite, Markham oversaw the sale of most of the company’s assets.

Markham led Granite from its exit from Chapter 11 in 2007 until last year. The company states it has eliminated more than $350 million of debt from its balance sheet and made significant recoveries available to its trade and general unsecured creditors with the completed restructuring.įormer Granite Broadcasting Chairman/CEO Peter Markham joins the company as CEO replacing LBI co-founder Lenard Liberman. LBI entered bankruptcy in November 2018 with outstanding funded debt obligations in the aggregate amount of approximately $530 million. As Markham Ward 6 Councillor, she has helped different organizations raise over $300,000.Ĭouncilor Collucci is honoured to have the opportunity to represent local residents in the City and Ward her family has resided in for more than 17 years.Spanish language radio and television operator LBI Media has exited Chapter 11 bankruptcy and appointed Peter Markham as its new Chief Executive Officer. She is active in giving back to the community she serves, which includes fundraising for Markham Stouffville Hospital’s Breast Cancer and Cancer Clinic and years of continuous support for the Markham Jazz Festival. She is an award-wining entrepreneur with over 20 years of business experience at IBM and is a recipient of RBC’s 2015 Top 25 Immigrant Award.Ĭouncillor Collucci has served as the Vice President of the Association of Chinese Canadian Entrepreneurs (ACCE), and is a frequent speaker at Centennial and Seneca Colleges promoting entrepreneurship, as well as at various forums where she shares her personal success, business experience, and immigration story. Amanda Yeung Collucci, is the first Chinese female elected to City of Markham Council and is now serving her second term as Ward 6 Councillor.

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