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DAILY NEWS FILES LIST OF ASSETS AND LIABILITIES

 DAILY NEWS FILES LIST OF ASSETS AND LIABILITIES
 NEW YORK, March 16 /PRNewswire/ -- The Daily News today filed with


the U.S. Bankruptcy Court schedules of assets and liabilities as of Dec. 5, 1991, the date that the company filed for bankruptcy protection.
 The statement shows that The News has assets valued at $40,366,000 and liabilities of $45,833,000 as of that date.
 The list of assets filed today does not include the value of the Daily News' franchise, its trademarks, The News' photo library, or any other intangible assets. Some of the liabilities are disputed, and further liabilities may emerge as a result of claims made in the bankruptcy process.
 The News intends to ask the court to establish June 30, 1992, as the date by which creditors must file any outstanding claims against the company.
 -0- 3/16/92
 /CONTACT: John Campi of The Daily News, 212-210-1925/ CO: Daily News ST: New York IN: PUB SU:


KD-KW -- NY084 -- 8527 03/16/92 17:55 EST
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Mar 16, 1992
Words:170
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