Telebrands is Resurrected with Creditors Cash

Share this article:
Just weeks after announcing the company was going belly up, creditors have stepped in and heaped $4 million into the Telebrand's cauldron to keep the Fairfield, NJ-based direct response television marketing company alive and get them back on the airwaves.


Fifteen of the company's largest creditors gathered last week to formalize the plan, which was announced Monday by Telebrands president A.J.Kubani.


"I am extremely appreciative to the creditors who worked hard on putting this deal together, he wrote in a statement. "The committee recognized the importance of resolving Telebrands difficulties on an expeditious and amicable basis. I am pleased to share with my creditors what I know will be a bright and exciting future for Telebrands."


Repayment of all previous debt will be termed out so the 17 year old company company will have available cash to continue marketing products to consumers via DRTV.
Share this article:

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

More in News

News Byte: Comcast Expanding Global Ad Delivery Through Partnership

News Byte: Comcast Expanding Global Ad Delivery Through ...

Through a partnership with Adstream , Comcast's AdDelivery Service expands its footprint across the globe.

40 Under 40 2014: Nominations Are Now Open!

40 Under 40 2014: Nominations Are Now Open!

It's time to nominate the 2014 crop of young marketing luminaries for Direct Marketing News's 40 Under 40 Awards. The deadline is Friday, June 6, 2014.

News Byte: MediaCrossing Partners with ASL Marketing on Youth Marketing Tool

News Byte: MediaCrossing Partners with ASL Marketing on ...

The digital media trading firm and marketing database company aim to help marketers target 13 to 34 year olds.