TV Azteca advances restructuring amid $600M debt, creditors target Salinas Pliego

TV Azteca has officially moved forward with its restructuring by initiating bankruptcy proceedings and requesting to delist from the Mexican Stock Exchange, aiming to resolve its 9,800 million pesos (~$600 million) debt. This financial turmoil has alarmed creditors who suspect asset transfers may be intended to avoid payments and are pursuing Grupo Salinas and Ricardo Salinas Pliego for accountability. What follows will depend on legal outcomes regarding bankruptcy claims and potential creditor negotiations or interventions controlling the company's assets.