FTI Consulting and Blackstone Group are handling the auction of Relativity Media, film and entertainment company, that declared Chapter 11 on July 30.
Brunswick Group is advising Relativity on the communications front.
Brian Kushner, senior director at FTI, is directing the process as "chief restructuring officer.
Ryan Kavanaugh, founder of the 11-year-old company based in Beverly Hills, is expected to launch his own bid.
Relativity says it will continue to launch a "robust production slate of scripted and non-scripted shows during the reorganization."
It plans to release a comedy film called "Masterminds" and a Halle Berry thriller, "Kidnap."
Relativity also highlighted its TV show, "Limitless—spun off from the 2011 movie featuring Bradley Cooper—is slated to debut on CBS.
According to media reports, serious suitors such as Mexican billionaire Carlos Slim and wheeler-dealer Carl Icahn may bid for Relativity, which has fired 75 of its 350 staffers in the revamp.
Trump Media & Technology Group today reported a $58.2M net loss on $4.1M in 2023 revenues, a disclosure that drove its stock price down 22.6 percent to $47.96.
Barry Pollack, an attorney at Wall Street’s Harris St. Laurent & Wechsler, has registered Julian Assange as a client with the Justice Dept. “out of an abundance of caution.”
Paramount Global to slash 800 jobs in what chief executive Bob Bakish calls part of an effort to “return the company to earnings growth"... Rolling Stone editor-in-chief Noah Shachtman is exiting at the end of the month due to disagreements with chief executive Gus Wenner over the direction the magazine is taking... The New York Times broke the $1 billion barrier in annual revenue from digital subscriptions in 2023... Press Forward is investing more than $500 million to strengthen local newsrooms.
The majority of news articles are read within the first three days of publication, according to a recent report.
The Los Angeles Times gives pink slips to 115 people or 20 percent of its newsroom staff... TIME is also laying off about 30 employees, which is approximately 15 percent of its editorial staff... The Baltimore Banner, which was launched by Stewart Bainum in 2022 after he failed to buy the Baltimore Sun, added 500 subscribers per day in the three days following Sinclair Broadcast Group's deal to purchase the Sun.
Have a comment? Send it to 
No comments have been submitted for this story yet.