Investors including Ryan Kavanaugh, Relativity Media LLC 's embattled founder and chief executive, have reached a deal to retake his bankrupt Hollywood studio, leaving the troubled company's TV unit in the hands of senior lenders, Dow Jones Daily Bankruptcy Review reported today. Kavanaugh' s investor group, which also includes supermarket mogul Ron Burkle, is getting Relativity's film and music units and its stakes in its sports and education divisions. The company intends to reorganize around its remaining holdings and hopes to emerge from bankruptcy by Oct. 20. Kavanaugh will retain his position as chairman and chief executive.
