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Relativity Bankruptcy: Funding Deal Runs Into Trouble But TV Sale Is Complete

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Relativity Media seemed to solve one problem, but introduced another, this morning in a hearing at U.S. Bankruptcy Court in New York which is weighing its effort to escape from Chapter 11 protection. The solved problem involves the sale of Relativity Television to several hedge funds: The company says that the deal “has closed.” There was just one objection remaining — and that dispute is close to resolution — a lawyer for the funds buying the property told the court. The…

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