Custer is pleased to announce the confirmation of his Chapter 11 restructuring plan. The program was overwhelmingly supported and approved about 85% of the debt value and voters.
“This marks a major milestone for Kast,” said Colin Tomson, founder of Kast Media. “We had a challenging time. The Chapter 11 process was rigorously scrutinized. We welcomed the scrutiny. We learned a lot and we would be better about it.”
“We are very grateful to our partners and stakeholders for their unwavering support, and we are now moving to the next stage with clarity, momentum and new content.”
Despite the complexity of the process, Kast’s simplified operations continued throughout the bankruptcy process, and the company maintained its operating profitability at restructuring costs during this period.
The company’s content and advertising business remains strong and growing, with new projects and partnerships already growing revenue, development of major streaming platform development, and strong new content in the channels.
With the restructuring behind it, Kast enters a new stage with a focus on creators serving innovation, scaling and delivering industry-leading storytelling.
About Custer Media
Kast Media is a leading podcast studio and network known for its advanced, genre-defined original storytelling. With a critically acclaimed performance, Kast blends movie storytelling with the immediacy of podcasts.
Founded by Colin Thomson, the company refocuses on transparency and empowerment of long-term creators and builds a stronger and more resilient future media ecosystem through innovative content and industry reforms.
