The court halted proceedings today and proposed a new date for the session without any voting occurring, given the need to consider new proposals.
A group of journalists from Visão, including the director, submitted a proposal to authorize the assembly of creditors to begin the process of selling the magazine separately, according to a request accessed on Sunday.
In a document sent to the Judicial Court of the Lisbon West District, the judge, the president of the assembly of creditors, and the insolvency administrator, the “proponents and applicants, workers and privileged creditors of the insolvent, who form a group of journalists ensuring the production of Visão magazine hereby present a proposal to authorize the assembly of creditors to begin the process of selling the following asset forming part of the insolvency estate.”
This assembly of creditors aimed to discuss and vote on the “subsequent proceedings associated with the liquidation of the insolvent’s assets already presented in the liquidation plan […], as well as a possible global recovery plan allowing for the continuation of the insolvent’s activities and the compensation of creditors through the revenues generated by this activity, until the final sale of the establishment,” according to the document dated September 1.
The court also admitted the appeal filed by TiN against the homologation order of the insolvency plan.
On August 8, the court suspended the official announcement of the TiN’s cessation of activities, which had been requested by the insolvency administrator, pending actual information from him or a potential resolution by the assembly of creditors.
Founded in 2017, Trust in News owns 16 media outlets in print and digital platforms, including Exame, Caras, Courrier Internacional, Jornal de Letras, Activa, Telenovelas, and TV Mais.
