TCR_Public/130427.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

             Saturday, April 27, 2013, Vol. 17, No. 115

                            Headlines

AMERICANWEST BANCORP: Ends March With $5.32 Million Cash
BEAR ISLAND: Reports $145,272 Net Loss in January
BEAR ISLAND: Has $9.05 Million Cash at February 28
CONEXANT SYSTEMS: Reports $767,000 Operating Profit in March
DEX ONE: Listed $48.03 Million Net Loss at March 31

EDISON MISSION: Reports $18.5 Million Operating Loss for March
FIRST REGIONAL: Has $96.49-Mil Stockholders' Deficit at Mar. 31
K-V PHARMACEUTICAL: K-V Discovery Has $37.25-Mil in Cash in March
ORMET CORP: Reports $12.2 Million Operating Loss in March
PMI GROUP: Reports $1.26 Million Net Loss in March

SUPERMEDIA INC: Cash Dips to $152.03 Million in March


                            *********

AMERICANWEST BANCORP: Ends March With $5.32 Million Cash
--------------------------------------------------------
AmericanWest Bancorporation, on Apr. 18, 2013, filed its monthly
operating report for the month ended March 31, 2013.

The Company posted a net loss of $5,779 for the month ended March
31, 2013.

As of March 31, 2013, the Company had total assets of $6.74
million, total liabilities of $47.42 million, and total
stockholders' deficit of $40.68 million.

At the end of March, AmericanWest Bancorp had total cash of $5.32
million.

A full-text copy of the monthly operating report is available at:

                       http://is.gd/ZX25gn

                About AmericanWest Bancorporation

Headquartered in Spokane, Washington, AmericanWest Bancorporation
(OTC BB: AWBC) -- http://www.awbank.net/-- was a bank holding
company whose principal subsidiary was AmericanWest Bank, which
included Far West Bank in Utah operating as an integrated
division of AmericanWest Bank. AmericanWest Bank was a community
bank with 58 financial centers located in Washington, Northern
Idaho and Utah.

AmericanWest Bancorporation filed for Chapter 11 protection
(Bankr. E.D. Wash. Case No. 10-06097) on Oct. 28, 2010. The
banking subsidiary was not included in the Chapter 11 filing.

Christopher M. Alston, Esq., and Dillon E. Jackson, Esq., at
Foster Pepper Shefelman PLLC, in Seattle, Washington, serve as
bankruptcy counsel. G. Larry Engel, Esq., at Morrison & Foerster
LLP, also serves as counsel.

The Debtor estimated assets of $1 million to $10 million and
debts of $10 million to $50 million in its Chapter 11 petition.
AmericanWest Bancorporation's estimates exclude its banking
unit's assets and debts. In its Form 10-Q filed with the
Securities and Exchange Commission before the Petition Date,
AmericanWest

Bancorporation reported consolidated assets -- including its bank
unit's -- of $1.536 billion and consolidated debts of
$1.538 billion as of Sept. 30, 2010.

In December 2010, AmericanWest completed the sale of all
outstanding shares of AmericanWest Bank to a wholly owned
subsidiary of SKBHC Holdings LLC, in a transaction approved by
the U.S. Bankruptcy Court.

American West filed a Chapter 11 plan hammered out with secured
lenders owed $177.5 million. The lenders will take ownership and
receive a new $49.6 million mortgage in return for existing debt.
They will invest $10 million to be used as working capital to
make payments under the plan.


BEAR ISLAND: Reports $145,272 Net Loss in January
-------------------------------------------------
Bear Island Paper Company, LLC, n/k/a Estate BIPCO, LLC, on March
12, 2013, filed its monthly operating report for the month ended
Jan. 31, 2013.

The Company posted a net loss of $145,272 for the month ended Jan.
31, 2013.

As of Jan. 31, 2013, Bear Island had total assets of $29.03
million, total liabilities of $137.95 million, and total
stockholders' deficit of $108.92 million.

At the beginning of the month, Bear Island had $9.19 million in
cash.  The Company had total cash disbursements of $145,272.  At
the end of January, Bear Island had total cash of $9.05 million.

                         About Bear Island

Canada-based White Birch Paper Company is the second largest
newsprint producer in North America.  As of Dec. 31, 2009, the
White Birch Group held a 12% share of the North American newsprint
market and employed roughly 1,300 individuals (the majority of
which reside in Canada).  Bear Island Paper Company, L.L.C., is a
U.S.-based unit of White Birch.

Bear Island filed a voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 10-31202) on
Feb. 24, 2010.  At June 30, 2011, the Company had $141.9 million
in total assets, $153.2 million in total liabilities, and a
stockholders' deficit of $11.3 million.

White Birch filed for bankruptcy protection under Canada's
Companies' Creditors Arrangement Act, before the Superior Court
for the Province of Quebec, Commercial Division, Judicial District
of Montreal, Canada.  White Birch and five other affiliates --
F.F. Soucy Limited Partnership; F.F. Soucy, Inc. & Partners,
Limited Partnership; Papier Masson Ltee; Stadacona Limited
Partnership; and Stadacona General Partner, Inc. -- also sought
bankruptcy protection under Chapter 15 of the U.S. Bankruptcy Code
(Bankr. E.D. Va. Case No. 10-31234).  Jonathan L. Hauser, Esq., at
Troutman Sanders LLP, in Virginia Beach, Virginia Beach, serves as
counsel to White Birch in the Chapter 11 case.

Richard M. Cieri, Esq., Christopher J. Marcus, Esq., and Michael
A. Cohen, Esq., at Kirkland & Ellis LLP, in New York, serve as
counsel to Bear Island.  Jonathan L. Hauser, Esq., at Troutman
Sanders LLP, in Virginia Beach, Virginia, serve as co-counsel to
Bear Island.

AlixPartners LLP serves as financial and restructuring advisors to
Bear Island, and Lazard Freres & Co., serves as investment banker.
Garden City Group is the claims and notice agent.  Jason William
Harbour, Esq., at Hunton & Williams LLP, in Richmond, Virginia,
represents the Official Committee of Unsecured Creditors.

Chief Judge Douglas O. Tice, Jr., handles the Chapter 11 and
Chapter 15 cases.

Bear Island was authorized by the bankruptcy judge in November
2010 to sell the business to a group consisting of Black Diamond
Capital Management LLC, Credit Suisse Group AG and Caspian Capital
Advisors LLC.

Bear Island's Chapter 11 plan was scheduled for approval at a
Feb. 14, 2012 confirmation hearing.  Under the plan proposed
by the subsidiary of Canada's White Birch Paper Co., first- and
second-lien creditors with $424.9 million and $105.1 million in
claims, respectively, are expected to recover between 0.5 percent
and 4 percent.  Unsecured creditors with $1.4 million in claims
are to receive the same dividend.


BEAR ISLAND: Has $9.05 Million Cash at February 28
--------------------------------------------------
Bear Island Paper Company, LLC, n/k/a Estate BIPCO, LLC, on Apr.
12, 2013, filed its monthly operating report for the month ended
Feb. 28, 2013.

As of Feb. 28, 2013, the Debtor had total assets of $29.03
million, total liabilities of $137.95 million, and total
stockholders' deficit of $108.92 million.

At the beginning of February, Bear Island had $9.05 million in
cash.  At the end of the month, the Debtor had total cash of $9.05
million.

                         About Bear Island

Canada-based White Birch Paper Company is the second largest
newsprint producer in North America.  As of Dec. 31, 2009, the
White Birch Group held a 12% share of the North American newsprint
market and employed roughly 1,300 individuals (the majority of
which reside in Canada).  Bear Island Paper Company, L.L.C., is a
U.S.-based unit of White Birch.

Bear Island filed a voluntary petition for relief under Chapter 11
of the Bankruptcy Code (Bankr. E.D. Va. Case No. 10-31202) on
Feb. 24, 2010.  At June 30, 2011, the Company had $141.9 million
in total assets, $153.2 million in total liabilities, and a
stockholders' deficit of $11.3 million.

White Birch filed for bankruptcy protection under Canada's
Companies' Creditors Arrangement Act, before the Superior Court
for the Province of Quebec, Commercial Division, Judicial District
of Montreal, Canada.  White Birch and five other affiliates --
F.F. Soucy Limited Partnership; F.F. Soucy, Inc. & Partners,
Limited Partnership; Papier Masson Ltee; Stadacona Limited
Partnership; and Stadacona General Partner, Inc. -- also sought
bankruptcy protection under Chapter 15 of the U.S. Bankruptcy Code
(Bankr. E.D. Va. Case No. 10-31234).  Jonathan L. Hauser, Esq., at
Troutman Sanders LLP, in Virginia Beach, Virginia Beach, serves as
counsel to White Birch in the Chapter 11 case.

Richard M. Cieri, Esq., Christopher J. Marcus, Esq., and Michael
A. Cohen, Esq., at Kirkland & Ellis LLP, in New York, serve as
counsel to Bear Island.  Jonathan L. Hauser, Esq., at Troutman
Sanders LLP, in Virginia Beach, Virginia, serve as co-counsel to
Bear Island.

AlixPartners LLP serves as financial and restructuring advisors to
Bear Island, and Lazard Freres & Co., serves as investment banker.
Garden City Group is the claims and notice agent.  Jason William
Harbour, Esq., at Hunton & Williams LLP, in Richmond, Virginia,
represents the Official Committee of Unsecured Creditors.

Chief Judge Douglas O. Tice, Jr., handles the Chapter 11 and
Chapter 15 cases.

Bear Island was authorized by the bankruptcy judge in November
2010 to sell the business to a group consisting of Black Diamond
Capital Management LLC, Credit Suisse Group AG and Caspian Capital
Advisors LLC.

Bear Island's Chapter 11 plan was scheduled for approval at a
Feb. 14, 2012 confirmation hearing.  Under the plan proposed
by the subsidiary of Canada's White Birch Paper Co., first- and
second-lien creditors with $424.9 million and $105.1 million in
claims, respectively, are expected to recover between 0.5 percent
and 4 percent.  Unsecured creditors with $1.4 million in claims
are to receive the same dividend.


CONEXANT SYSTEMS: Reports $767,000 Operating Profit in March
------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Conexant Systems Inc., slated to be acquired in
exchange for debt by an affiliate of Soros Fund Management LLC,
reported operating income of $767,000 in March on sales of $11
million.  The operating report filed with the bankruptcy court in
Delaware shows a $2.6 million net loss in March, largely
attributable to $3.8 million in reorganization charges and costs.

Conexant has a June 4 confirmation hearing to approve the
plan selling the business to Soros.  To bring the official
unsecured creditors' committee on board with the plan, the pot was
increased from $2 million to $2.9 million.  In addition, secured
lenders will waive their $114.5 million deficiency claim, thus not
depleting the recovery by unsecured creditors. The disclosure
statement shows a predicted 6 percent to 9 percent recovery for
unsecured creditors.

Soros is a secured creditor holding $195.5 million in 11.25
percent senior secured notes.  He will exchange the debt for the
new stock and a $76 million unsecured note to be issued by the
reorganized holding company, for a predicted 41 percent recovery.
QP SFM Capital Holdings Ltd. is the Soros company holding the
debt.

                        About Conexant

Newport Beach, California-based Conexant Systems, Inc. (NASDAQ:
CNXT) -- http://www.conexant.com/-- is a fabless semiconductor
company.  Conexant's comprehensive portfolio of innovative
semiconductor solutions includes products for imaging, audio,
embedded-modem, and video applications.  Outside the United
States, the Company has subsidiaries in Northern Ireland, China,
Barbados, Korea, Mauritius, Hong Kong, France, Germany, the United
Kingdom, Iceland, India, Israel, Japan, Netherlands, Singapore,
and Israel.

Conexant Systems, Inc. filed a Chapter 11 petition (Bankr. D. Del.
Case No. 13-10367) on Feb. 28, 2013, with an agreement for a
balance sheet restructuring with equity sponsors and sole secured
lender, QP SFM Capital Holdings Limited, an entity managed by
Soros Fund Management LLC.

Kirkland & Ellis LLP and Klehr Harrison Harvey Branzburg LLP serve
as legal counsel and Alvarez & Marsal acts as restructuring
advisor to Conexant.  Akin Gump Strauss Hauer & Feld LLP and
Pepper Hamilton LLP serve as legal counsel and Blackstone Advisory
Partners L.P. as restructuring advisor to the secured lender.  BMC
Group Inc. is the claims and notice agent.


DEX ONE: Listed $48.03 Million Net Loss at March 31
---------------------------------------------------
Dex One Corporation, et al., filed on April 22, 2013, a monthly
operating report for the period from March 18 to 31, 2013.

The Debtors posted a $48.03 million net loss on $95.55 million in
total net revenues for the period.  Operating income was listed at
$6.41 million.  Total reorganization costs for the period was
$35.90 million, which comprise of $4.14 million in professional
and legal fees and $31.76 million write-off of debt fair value
adjustment.

As of March 31, 2013, the Debtors had total assets of $2.65
billion, total liabilities of $2.67 billion and total equity of
$17.71 million.

At March 18, the Debtors had $123.88 million.  For the period from
March 18 to 31, the Debtors had $47.61 million in total receipts
and $32.90 million in total disbursements.  Disbursements include
$19.99 million in trade payables and $6.99 million in payroll
costs.  As a result, the Debtors had $138.60 million cash at March
31.

                          About Dex One

Dex One Corp., headquartered in Cary, North Carolina, is a local
business marketing services company that includes print
directories and online voice and mobile search.  The company
employs 2,200 people across the United States.  Dex One provides
print yellow pages directors, which it co-brands with other
recognizable brands in the industry, including Century Link and
AT&T.  It also provides the yellow pages websites DexKnows.com and
DexPages.com, as well as mobile apps Dex Mobile, Dex CityCentral.

Dex One and 11 affiliates sought Chapter 11 protection (Bankr. D.
Del. Lead Case No. 13-10534) on March 17 and 18, 2013, with a
prepackaged plan of reorganization designed to effectuate a merger
with SuperMedia Inc.  Dex One disclosed total assets of $2.84
billion and total liabilities of $2.79 billion as of Dec. 31,
2012.

Houlihan Lokey is acting as financial advisor to Dex One, and
Kirkland & Ellis LLP is acting as its legal counsel.  Pachulski
Stang Ziehl & Jones LLP is co-counsel.  Epiq Systems serves as
claims agent.

This is Dex One's second stint in Chapter 11.  Its predecessor,
R.H. Donnelley Corp., sought Chapter 11 protection in May 2009
(Bankr. Bank. D. Del. Case No. 09-11833 through 09-11852) and
changed its name to Dex One Corp. after emerging from bankruptcy
in January 2010.

As of Dec. 31, 2012, persons or entities directly or indirectly
own, control, or hold 5% or more of the voting securities of Dex
One are Franklin Advisers, Inc., Hayman Capital Management LP,
Robert E. Mead, Restructuring Capital Associates LP, Paulson &
Co., Inc., and Mittleman Investment Management LLC.


EDISON MISSION: Reports $18.5 Million Operating Loss for March
--------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Edison Mission Energy, which doesn't predict emerging
from bankruptcy reorganization until the end of 2014, reported an
$18.5 million operating loss in March on revenue of $63.2 million.

According to the report, the net loss for the month was
$55 million.  Adding to the net loss was $19.6 million in
reorganization costs and $16.3 million in taxes.  EME said it
doesn't plan to emerge from Chapter 11 until December 2014 to
receive benefits from a tax-sharing agreement with parent Edison
International.

                       About Edison Mission

Santa Ana, California-based Edison Mission Energy is a holding
company whose subsidiaries and affiliates are engaged in the
business of developing, acquiring, owning or leasing, operating
and selling energy and capacity from independent power production
facilities.  EME also engages in hedging and energy trading
activities in power markets through its subsidiary Edison Mission
Marketing & Trading, Inc.

EME was formed in 1986 and is an indirect subsidiary of Edison
International.  Edison International also owns Southern California
Edison Company, one of the largest electric utilities in the
United States.

EME and its affiliates sought Chapter 11 protection (Bankr. N.D.
Ill. Lead Case No. 12-49219) on Dec. 17, 2012.

EME has reached an agreement with the holders of a majority of
EME's $3.7 billion of outstanding public indebtedness and its
parent company, Edison International EIX, that, pursuant to a plan
of reorganization and pending court approval, would transition
Edison International's equity interest to EME's creditors, retire
existing public debt and enhance EME's access to liquidity.

The Company's balance sheet at Sept. 30, 2012, showed
$8.17 billion in total assets, $6.68 billion in total liabilities
and $1.48 billion in total equity.

In its schedules, Edison Mission Energy disclosed total assets of
assets of $5,721,559,170 and total liabilities of $6,202,215,094
as of the Petition Date.

Kirkland & Ellis LLP is serving as legal counsel to EME, Perella
Weinberg Partners, LP is acting as financial advisor and McKinsey
Recovery & Transformation Services U.S., LLC is acting as
restructuring advisor.  GCG, Inc., is the claims and notice agent.

An official committee of unsecured creditors has been appointed in
the case and is represented by the law firms Akin Gump and Perkins
Coie.  The Committee also has tapped Blackstone Advisory Partners
as investment banker and FTI Consulting as financial advisor.


FIRST REGIONAL: Has $96.49-Mil Stockholders' Deficit at Mar. 31
---------------------------------------------------------------
First Regional Bancorp, on Apr. 19, 2013, filed its monthly
operating report for the month ended March 31, 2013.

The Debtor reported a net loss of $57,123 for the month ended
March 31, 2013.

As of March 31, 2013, the Debtor had total assets of $1.02
million, total liabilities of $97.52 million, and total
stockholders' deficit of $96.49 million.

At the beginning of the month, the Debtor had $232,663 in cash.
First Regional Bancorp had total cash disbursements of $15,123.
At the end of March, the Debtor had total cash of $217,539.

A full-text copy of the monthly operating report is available at:

                       http://is.gd/qH6l7l

                   About First Regional Bancorp

First Regional Bancorp (NASDAQ-GSM: FRGB) is the bank holding
company for First Regional Bank, Los Angeles, California.
First Regional Bank was closed at the end of January 2010 by the
California Department of Financial Institutions, which appointed
the Federal Deposit Insurance Corporation as receiver.

First Regional Bancorp filed for Chapter 11 protection
(Bankr. C.D. Calif. Case No. 12-31372) on June 19, 2012.

Jon L Dalberg, Esq., at Landau Gottfried & Berger LLP, represents
the Debtor in its Chapter 11 case.

The Debtor estimated assets of $1 million to $10 million and
debts of $100 million to $500 million in its Chapter 11 petition.


K-V PHARMACEUTICAL: K-V Discovery Has $37.25-Mil in Cash in March
-----------------------------------------------------------------
K-V Discovery Solutions, Inc., et al., on Apr. 19, 2013, filed
its monthly operating report for the month ended March 31, 2013.

K-V Discovery Solutions reported a net loss of $1.14 million on
net revenues of $7.01 million for the month ended March 31, 2013.
Bill Rochelle of Bloomberg News cites that the $2.4 million loss
from continuing operations was narrowed by a $1.3 million gain
from completion of a settlement.

As of March 31, 2013, the Debtor had total assets of $215.19
million, total liabilities of $698.59 million and total
stockholders' deficit of $483.4 million.

For the month of March, the Debtor had total cash receipts of
$10 million and total cash disbursements of $8.82 million.  At
the end of the month, the Debtor had total cash of $37.25 million.

A full-text copy of the monthly operating report is available at:

                       http://is.gd/nnDw18

                     About K-V Pharmaceutical

K-V Pharmaceutical Company (NYSE: KVa/KVb) --
http://www.kvpharmaceutical.com/-- is a fully integrated
specialty pharmaceutical company that develops, manufactures,
markets, and acquires technology-distinguished branded and
generic/non-branded prescription pharmaceutical products.  The
Company markets its technology distinguished products through
ETHEX Corporation, a subsidiary that competes with branded
products, and Ther-Rx Corporation, the company's branded drug
subsidiary.

K-V Pharmaceutical Company and certain domestic subsidiaries on
Aug. 4, 2012, filed voluntary Chapter 11 petitions (Bankr.
S.D.N.Y. Lead Case No. 12-13346, under K-V Discovery Solutions
Inc.) to restructure their financial obligations.

K-V employed Willkie Farr & Gallagher LLP as bankruptcy counsel,
Williams & Connolly LLP as special litigation counsel, and SNR
Denton as special litigation counsel.  In addition, K-V tapped
Jefferies & Co., Inc., as financial advisor and investment banker.
Epiq Bankruptcy Solutions LLC is the claims and notice agent.

The U.S. Trustee appointed five members to serve in the Official
Committee of Unsecured Creditors.  Kristopher M. Hansen, Esq.,
Erez E. Gilad, Esq., and Matthew G. Garofalo, Esq., at Stroock &
Stroock & Lavan LLP, represent the Creditors Committee.

Weil, Gotshal & Manges LLP's Robert J. Lemons, Esq., and Lori R.
Fife, Esq., represent an Ad Hoc Senior Noteholders Group.


ORMET CORP: Reports $12.2 Million Operating Loss in March
----------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Ormet Corp. reported a $12.2 million operating loss
in March on revenue of $36.3 million.  The operating report filed
with the U.S. Bankruptcy Court in Delaware shows a net loss of
$14.1 million in March.  Interest expense in the month was $2.1
million.  For the first three months of the year, there was an
operating loss of $19.4 million on revenue of $94.9 million.

According to the report, given that no outsider exhibited an
interest in buying the company, Ormet will appear in bankruptcy
court on May 15 for approval to sell the business to current
lender and part owner Wayzata Investment Partners LLC.  Wayzata
will pay for the operation with $130 million in secured debt plus
the loan financing bankruptcy.

                         About Ormet Corp.

Aluminum producer Ormet Corporation, along with affiliates, filed
for Chapter 11 protection (Bankr. D. Del. Case No. 13-10334) on
Feb. 25, 2013, with a deal to sell the business to a portfolio
company owned by private investment funds managed by Wayzata
Investment Partners LLC.

Headquartered in Wheeling, West Virginia, Ormet --
http://www.ormet.com/-- is a fully integrated aluminum
manufacturer, providing primary metal, extrusion and thixotropic
billet, foil and flat rolled sheet and other products.

Ormet disclosed assets of $406.8 million and liabilities totaling
$416 million.  Secured debt of about $180 million includes $139.5
million on a secured term loan and $39.3 million on a revolving
credit.

Attorneys at Dinsmore & Shohl LLP and Morris, Nichols, Arsht &
Tunnell LLP serve as counsel to the Debtors.  Kurtzman Carson
Consultants is the claims and notice agent.  Evercore's Lloyd
Sprung and Paul Billyard serve as investment bankers to the
Debtor.


PMI GROUP: Reports $1.26 Million Net Loss in March
--------------------------------------------------
PMI Group, Inc., on Apr. 23, 2013, filed its monthly operating
report for the month ended March 31, 2013.

The Debtor reported a net loss of $1.26 million for the month
ended March 31, 2013.

As of March 31, 2013, the Debtor had total assets of $214.9
million, total liabilities of $753.53 million, and total
stockholders' deficit of $538.63 million.

At the beginning of the month, the Debtor had $197.32 million in
cash.  PMI Group had total cash receipts of $1.78 million and
total cash disbursements of $1.42 million.  As a result, at the
end of March, the Debtor had total cash of $197.68 million.

A full-text copy of the monthly operating report is available at:

                      http://is.gd/OgCXIK

                      About The PMI Group

The PMI Group, Inc., is an insurance holding company whose stock
had, until Oct. 21, 2011, been publicly-traded on the New York
Stock Exchange.  Through its principal regulated subsidiary, PMI
Mortgage Insurance Co., and its affiliated companies, the Debtor
provides residential mortgage insurance in the United States.

The PMI Group filed for Chapter 11 bankruptcy (Bankr. D. Del. Case
No. 11-13730) on Nov. 23, 2011.  In its schedules, the Debtor
disclosed $167,963,354 in assets and $770,362,195 in liabilities.
Stephen Smith signed the petition as chairman, chief executive
officer, president and chief operating officer.

The Debtor said in the filing that it does not have the financial
resources to pay the outstanding principal amount of the 4.50%
Convertible Senior Notes, 6.000% Senior Notes and the 6.625%
Senior Notes if those amounts were to become due and payable.

The Debtor is represented by James L. Patton, Esq., Pauline K.
Morgan, Esq., Kara Hammond Coyle, Esq., and Joseph M. Barry, Esq.,
at Young Conaway Stargatt & Taylor LLP.

The Official Committee of Unsecured Creditors appointed in the
case retained Morrison & Foerster LLP and Womble Carlyle Sandridge
& Rice, LLP, as bankruptcy co-counsel.  Peter J. Solomon Company
serves as the Committee's financial advisor.


SUPERMEDIA INC: Cash Dips to $152.03 Million in March
-----------------------------------------------------
SuperMedia Inc., et al., on Apr. 22, 2013, filed its monthly
operating report for the period from March 18 to 31, 2013.

The Company posted a net income of $5.25 million on total net
revenue of $43.79 million for the period ended March 31, 2013.

As of March 31, 2013, SuperMedia had total assets of $1.42
billion, total liabilities of $982.75 million, and total
stockholders' deficit of $438.4 million.

As of March 18, 2013, SuperMedia had $165 million in cash.  For
the period March 18 to 30, the Company had total cash receipts of
$50.8 million and total cash disbursements of $63.77 million.
Disbursements include $9.32 million in payroll expenses and $11.55
million in administrative and selling costs.  As a result, at the
end of the period, SuperMedia had total cash of $152.03 million.

A full-text copy of the monthly operating report is available at:

                       http://is.gd/0Lred9

                         About SuperMedia

Headquartered in D/FW Airport, Texas, SuperMedia Inc., formerly
known as Idearc, Inc., is a yellow pages directory publisher in
the United States. Its portfolio includes the Superpages
directories, Superpages.com, digital local search resource on both
desktop and mobile devices, the Superpages.com network, which is a
digital syndication network, and its Superpages direct mailers.
SuperMedia is the official publisher of Verizon, FairPoint and
Frontier print directories in the markets in which these companies
are the incumbent local telephone exchange carriers.  Idearc was
spun off from Verizon Communications, Inc., in 2006.

At Dec. 31, 2012, SuperMedia had approximately 3,200 employees, of
which approximately 950 or 30% were represented by unions.

SuperMedia and three affiliates sought Chapter 11 protection
(Bankr. D. Del. Lead Case No. 13-10545) on March 18, 2013, to
effectuate a merger of equals with Dex One Corp.  SuperMedia
disclosed total assets of $1.4 billion and total debt of $1.9
billion.

Morgan Stanley & Co. LLC is acting as financial advisors to
SuperMedia, and Cleary Gottlieb Steen & Hamilton LLP and Young
Conaway Stargatt & Taylor, LLP are acting as its legal counsel.
Fulbright & Jaworski L.L.P is special counsel.  Chilmark Partners
Is acting as financial advisor to SuperMedia's board of directors.
Epiq Systems serves as claims agent.

This is also SuperMedia's second stint in Chapter 11.  Idearc and
its affiliates filed for Chapter 11 protection (Bankr. N.D. Tex.
Lead Case No. 09-31828) in March 2009 and emerged from bankruptcy
in December 2009, reducing debt from more than $9 billion to $2.75
billion.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices are
obtained by TCR editors from a variety of outside sources during
the prior week we think are reliable.  Those sources may not,
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assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Wednesday's edition of the TCR.  Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

On Thursdays, the TCR delivers a list of recently filed
Chapter 11 cases involving less than $1,000,000 in assets and
liabilities delivered to nation's bankruptcy courts.  The list
includes links to freely downloadable images of these small-dollar
petitions in Acrobat PDF format.

Each Friday's edition of the TCR includes a review about a book of
interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

Monthly Operating Reports are summarized in every Saturday edition
of the TCR.

The Sunday TCR delivers securitization rating news from the week
then-ending.

For copies of court documents filed in the District of Delaware,
please contact Vito at Parcels, Inc., at 302-658-9911.  For
bankruptcy documents filed in cases pending outside the District
of Delaware, contact Ken Troubh at Nationwide Research &
Consulting at 207/791-2852.

                           *********

S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors" Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Howard C. Tolentino, Joseph Medel C. Martirez, Carmel
Paderog, Meriam Fernandez, Ronald C. Sy, Joel Anthony G. Lopez,
Cecil R. Villacampa, Sheryl Joy P. Olano, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2013.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000 or Nina Novak at 202-241-8200.


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