David Elman is the senior bankruptcy editor covering new bankruptcy filings, court hearings, controversies and debtor-in-possession loans and exits. David also edits auction, out-of-court and private equity copy, helps produce daily electronic editions of The Deal and compiles the Bankruptcy Insider and M&A Tipsheet newsletters. Before joining The Deal in 2003, David was a copy editor at Institutional Investor, Strategic Finance and Management Accounting Quarterly.
Recent Articles By The Author
Disney's Films and Theme Parks Continue to Drive Earnings Growth
CEO Bob Iger touts the strength of the company's film and theme park businesses on a quarterly earnings call while noting its new streaming products do not rely on acquiring Fox's assets for success.
Credit Rating Agencies Cast Doubt on P.F. Chang's Outlook
Moody's and S&P have recently cut their ratings on the Centerbridge Capital-backed restaurant chain, citing the uncertainty of its ability to refinance $300 million in notes due June 2020.
Viacom May Counter CBS Bid Within a Week
The owner of MTV, Nickelodeon and Paramount Pictures could make a rival proposal this week, according to a source, after rejecting a bid that was below its own market value.
CBS' Viacom Bid Could Come Below Market Value
Reports have said an offer for the cable network operator and movie studio owner could come in low.
Weinstein Co. to File for Chapter 11 After Sale Collapses
The film studio's board of representatives says it has concluded a $500 million offer 'was illusory,' leaving it with no viable options outside of bankruptcy court.
Tronc Sells Los Angeles Times After Battle With Shareholder
Tronc's No. 2 shareholder, billionaire Patrick Soon-Shiong, will pay $500 million and assume $90 million in pension liabilities to acquire the Los Angeles newspaper as well as The San Diego Union-Tribune.
CBS-Viacom Saga Presses On
The two media giants, united until 2005, form special committees to evaluate a potential merger.
Drake's Whiskey Company Virginia Black Seeks to Raise $30 Million Through IPO
The rapper's bourbon brand plans to raise up to $30 million through an initial public offering sometime after the first quarter of 2018.
Time May Dump Assets in Fourth Quarter to Address $1 Billion Debt Pile
The magazine publisher says in a regulatory filing it is working on sales of assets including its U.K. arm and a majority stake in Essence, with a deal coming as soon as next quarter. Time also reveals changes to its credit agreement.
John Gutfreund Dies at 86; Transformed Salomon Into a Trading Giant
The former bond trader became the "King of Wall Street" but was felled by scandal.