Publimetro Chile files for bankruptcy with ~$14B debt, citing irrecoverable financial distress

Publimetro Chile, a multi-platform media outlet, filed for bankruptcy in Santiago's 15th Civil Court, citing debts of nearly $14 billion to workers, suppliers, banks, and utilities. The company states it cannot reverse its financial difficulties. This marks a significant corporate failure in Chile's media sector, though the debt figure appears unusually high for a media firm, suggesting possible currency or reporting anomalies.