Bankruptcy & Restructuring News Headlines for Wednesday Jan 3, 2024

Here's what we are reading this morning:

California Franciscan Friars File Bankruptcy Amid Abuse Claims: The Franciscan Friars of California Inc. filed for bankruptcy to address an influx of child sex abuse claims, joining a growing roster of Catholic entities that sought similar protections in 2023.

Talen Energy Is Building Data Centers That Run on Nuclear Power. Now, It Needs to Find Buyers - WSJ: Independent nuclear power company Talen Energy is betting its future on supplying power to technology companies that are looking for carbon-free energy sources to develop their artificial-intelligence capabilities. 

The Messenger Plans Layoffs Amid Hunt for Cash - The New York Times: The company, an aggressive entrant to the digital news space, is expected to cut roughly two-dozen employees this week.

Radio Broadcaster Audacy Prepares to File Bankruptcy Within Weeks - WSJ: Audacy is preparing to file for bankruptcy within weeks after declining advertising revenue made the radio network unable to service its nearly $2 billion debt load, according to people familiar with the matter.





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