Entertainment & Sports
Feb. 6, 2010
Bankruptcy Likely for MGM
To close watchers of storied but debt-burdened movie studio Metro-Goldwyn-Mayer, bankruptcy is looking more and more like a likely outcome.
Daily Journal Staff Writer
LOS ANGELES - To close watchers of storied but debt-burdened movie studio Metro-Goldwyn-Mayer, bankruptcy is looking more and more like a likely outcome.
Industry lawyers and observers say an ongoing bidding process for the studio over the past few months seems more like a sign the troubled company is preparing to enter bankruptcy proceedings, rather than being a potential rescue....
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