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IN RE NEXTMEDIA GROUP, INC.

No. 09-14463 (PJW).

440 B.R. 76 (2010)

In re NEXTMEDIA GROUP, INC., et al., Debtors.

United States Bankruptcy Court, D. Delaware.

November 5, 2010.

Attorney(s) appearing for the Case

Paul N. Heath , Michael J. Merchant , Chun I. Jang , Robert C. Maddox , Richards, Layton & Finger, P.A., Wilmington, DE, Jason S. Brookner , Monica S. Blacker , Andrews Kurth LLP, Dallas, TX, for the Reorganized Debtors.

Christopher D. Loizides , Loizides, P.A., Wilmington, DE, Claudio E. Iannitelli , Jonathan M. Levine , Cheifetz Iannitelli , Marcolini, P.C., Phoenix, AZ, for CBS Outdoor, Inc.

MEMORANDUM OPINION

WALSH, J.

This opinion is with respect to the objection of NextMedia Group, Inc. (Doc. # 479) to the claim filed by CBS Outdoor, Inc. For the reasons stated below, I will sustain the objection.

BACKGROUND

The Parties' Agreements

CBS Outdoor Inc. ("CBS") and NextMedia Outdoor, Inc. ("NextMedia") own and operate outdoor advertising businesses. On August 29, 2008, CBS and NextMedia entered into an...

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