Relativity Television’s employees, including chief executive Tom Forman, are expected to remain in place when senior lenders buy the TV studio from the ailing company later this month, the Wall Street Journal reported yesterday. In bankruptcy court papers filed on Monday, the group of senior lenders that are buying the TV studio out of bankruptcy sought to reassure its employees, the bankruptcy judge and a handful of remaining objectors that they can expect “business as usual” after the deal is completed. The company’s lenders will go before Judge Michael Wiles today to face the remaining objectors and to address lingering questions before the sale closes Oct. 20.
