LAKEWOOD RANCH, FLA. — It remains in a battle with Gray Television over the carriage on one of its legacy TV services of a ABC affiliate within the vast Tampa-St. Petersburg DMA specifically focused on Sarasota, Manatee and Charlotte Counties.
Now, that fight could be taking perhaps a positive spin — if good vibes from the C-Suite find their way into retrans negotiation.
Frontier has edged closer to emerging from federal bankruptcy protection.
The MVPD and telecom company on Friday (1/15) secured approval from the Commission for its Chapter 11 restructuring. This also saw Frontier get regulatory approval or favorable determinations in 13 states.
Commenting on the “major milestone” of the restructuring OK, President/CEO Bernie Han said, “We continue to make important progress in our constructive engagement with regulators across our service territories, and we continue to await approval in just four states and are working to expedite those approvals to enable the Company to emerge from Chapter 11. Our team remains focused on our transformative strategy to strengthen our financial foundation, improve our operations and enhance our customer experience throughout the U.S.”
Frontier expects to emerge from Chapter 11 in early 2021 under its previously confirmed Plan of Reorganization. Upon emergence, Frontier will have reduced its total outstanding indebtedness by more than $10 billion.
— Rob Dumke