Industry News
Idearc Emerges From Bankruptcy As SuperMedia, Inc
January 5, 2010 - Monday Yellow Pages publisher Idearc Inc. emerged from bankruptcy protection with a new name the company changed its name to SuperMedia Inc.
The company's Chapter 11 plan was approved by a bankruptcy judge in Dallas last month and went into place Dec. 31. The move cut its debt to $2.75 billion from $9 billion and wiping out any existing stock holders.
SuperMedia's banks and bondholders will receive new common stock in the company, which was spun off from Verizon in 2006, in return for reducing the debt.
Media Contacts
from various news sources