Summit Business Media Enters Bankruptcy Protection

(Press Release) NEW YORK, Jan. 26, 2011—Summit Business Media today announced approvals from 83% of its lenders for a debt restructuring plan that will cut its outstanding debt obligations by more than half, or approximately $135 million, and materially enhance the Company’s financial position. The agreement by most of the Company’s lenders was achieved in advance of its filing of a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the U.S.

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