Daily News: June 24, 2014

Source Home Entertainment Files Chapter 11

According to the New York Post , magazine wholesaler, Source Home Entertainment, which trucked magazines from warehouses to retailers, filed for Chapter 11 bankruptcy court protection after losing money for years.

Citing bankruptcy court documents, the Post said Source is owned by hedge fund Golden Tree Asset Management, JPMorgan and GE Capital with stakes of 82.0%, 9.3% and 5.7%, respectively.

To link to the New York Post report, click here.