‘American Idol’ producer files for bankruptcy

Posted online April 29, 2016 | 11:24 am

The producer of "American Idol" and "So You Think You Can Dance" has filed for bankruptcy protection.

Core Media Group cited the falling ratings of "American Idol" - which aired its final episode less than a month ago - and money owed to creditors.

Core owes $420 million to third parties, including Sony Music Entertainment and CBS.

"American Idol" creator Simon Fuller is owed $3.4 million, according to the Chapter 11 filing.

Read more from USA Today.

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