Posts Tagged ‘Bankruptcy’

R.H. Donnelley To Exit Bankruptcy By End of January

Thursday, January 14, 2010

Yellow Pages publisher R.H. Donnelley is set to emerge from bankruptcy later this month after a U.S. court approved its reorganization plan. The move comes just two weeks after Idearc—rebranded SuperMedia—announced that it had exited bankruptcy.

R.H. Donnelley, which publishes 75 million Yellow Pages directories annually, is counting on new online and mobile offerings to help fuel its growth as consumers increasingly use those platforms for local search.

The Yellow Pages publisher is already making headway into the digital space. As we’ve noted, the company currently lists 11.5 million businesses online through its DexKnows.com Web site, supplies content for YellowPages.com, and has deals with search engines such as Google and Yahoo.

Additionally, it is offering online video advertising and reputation management for companies seeking to improve their online customer reviews, Reuters reports.

In a press release, David H. Swanson, chairman and CEO of R.H. Donnelley, said “R.H. Donnelley will become a stronger entity, better positioned to helping local businesses address their marketing needs.”

For more, read the company’s release here and a Reuters article here.

January 14, 2010 | Leave a Comment
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Idearc Bankruptcy Filing Signals Fresh Start for Company

Wednesday, April 1, 2009

In a major step to address debt structuring challenges and begin its process of transformation, Idearc voluntarily filed for Chapter 11 this week.

In its March 31 press release, the company announced that its reorganization “plan will enable Idearc to significantly reduce its outstanding debt to a more suitable level upon emergence from the legal proceedings.”  Idearc also said it will operate business as usual throughout its restructuring process.

While “bankruptcy” can seem like an alarming word – and it’s true we’ve seen some Yellow Pages companies post mixed numbers in recent quarters – most of us believe that Idearc will be stronger in the long term for this action. That’s because Idearc’s bankruptcy filing is more of a reflection of its capital structure, and less about the effectiveness of its products and services. There will always be demand for services that connect consumers with businesses.

In fact, other Yellow Pages companies are posting positive financial results and many that are not publicly traded are telling us that there is still very strong demand out there.

When Idearc completes its reorganization, I think it will be well positioned to achieve strong financial results. The company has a new strategy in place and, combined with a more suitable capital structure, should be around for a long time to come.

April 1, 2009 | 7 Comments
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