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Korea’s JoongAng Seeks Rehabilitation After Broadcaster Default (opens original article in a new tab)

TL;DR

South Korean media giant JoongAng Group filed for court rehabilitation after its broadcaster defaulted on a loan, citing financial strain from expensive sports broadcasting rights.

  • JoongAng Group filed for court rehabilitation
  • Broadcaster defaulted on a loan
  • Financial strain linked to expensive sports broadcasting rights

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