JTBC, key JoongAng Group affiliates file for court rehabilitation

JoongAng Group's flagship broadcaster JTBC has filed for court-supervised corporate rehabilitation, following four other affiliates of the Korean media conglomerate that have sought the same protection.

The filings come after the group made a costly bet in 2019 on exclusive FIFA World Cup and Olympic Games broadcasting rights.

The Seoul Bankruptcy Court will review whether the five companies — JTBC, JoongAng Holdings, JoongAng P&I, Megabox JoongAng and ContentreeJoongAng — have sufficient prospe ...