Industry News: Getty Images in Talks with Lenders Over Rescue Financing
Getty Images Holdings Inc. is in confidential discussions with lenders about securing new financing for the struggling company, according to a reports from Bloomberg. The talks involve the possibility of a debtor-in-possession loan, but another path could see lenders taking control of the photo archive and stock-image company through a bankruptcy process. The company is currently in a 30-day grace period after missing interest payments on its unsecured notes that were due Sept. 1, according to regulatory filings. Getty Images stated it had sufficient cash to make the payments but opted to use the grace period.
Brooklyn Book Fest, Zines and More
Through Septmber 28: Brooklyn Book Festival, Borough Hall and Plaza The Brooklyn Book Festival is less of a conventional convention and more of a beautifully chaotic living archive of independent print culture. As the city-wide "Bookend" programs gather steam across the boroughs, the main events happen over the weekend, on the historic steps of Brooklyn Borough Hall [abpve]. Saturday’s Children’s Day kicks off the celebration, but it is Sunday&rsqu...

