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Hooker restructuring targets $25M savings by FY27
Hooker Furnishings launches restructuring to cut $25M in fixed costs by FY27, closing warehouses and expanding overseas operations for savings.
Warner Bros. Discovery to split into two companies, dividing cable and streaming services
Warner Bros. Discovery will split into two companies, separating cable from streaming as cord-cutting reshapes the entertainment industry.
Gannett restructuring into two units
McLean-based Gannett Co. Inc. is restructuring to create two new U.S. business units, the nation’s largest newspaper publisher announced last week. The units will be Gannett Media and Digital Marketing Solutions (DMS). Maribel Perez Wadsworth, based in McLean, will lead Gannett Media, while Kris Barton, based in the Los Angeles area, will lead DMS. “This […]
McLean satellite operator emerges from bankruptcy
McLean-based satellite operator Intelsat Corp. announced on Feb. 23 that it has emerged from its financial restructuring process nearly two years after filing for Chapter 11 bankruptcy. The company’s debt has been reduced from nearly $16 billion to $7 billion, according to a news release. Intelsat obtained $6.7 billion in new financing. The company has […]
