September 16, 2016 (nunc pro tunc to June 10, 2016) [Docket No. 268] $ $38, $0.00 $

Transcription

1 smb Doc 625 Filed 12/20/16 Entered 12/20/16 14:26:02 Main Document Pg 1 of 5 UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK }( In re Chapter 11 Gawker Media LLC, et a/., 1 Debtors. Case No (SMB) (Jointly Administered) }( FOURTH MONTHLY STATEMENT OF CITRIN COOPERMAN & COMPANY, LLP OF FEES FOR PROFESSIONAL SERVICES RENDERED AND DISBURSEMENTS INCURRED AS INDEPENDENT AUDITOR AND ACCOUNTING SERVICES PROVIDER FOR THE DEBTORS AND DEBTORS IN POSSESSION FOR THE PERIOD FROM NOVEMBER 1, 2016 THROUGH NOVEMBER 30, 2016 Name of Applicant: Date of Retention: Period for Which Fees and E}(penses are Incurred: Fees Incurred: Payment of Fees Requested (80%): E}(penses Incurred: Total Fees and E}(penses Due: Citrin Cooperman & Company, LLP Independent Auditor and Accounting Services Provider to the Debtors and Debtors in Possession September 16, 2016 (nunc pro tunc to June 10, 2016) [Docket No. 268] November I, 2016 through and including November 30,2016 $ $38, $0.00 $ The last four digits of the taxpayer identification number of the debtors are: Gawker Media LLC (0492); Gawker Media Group, Inc. (3231); and Gawker Hungary Kft. (flk/a Kinja Kft.) (5056). Each Debtor's mailing address is c/o Opportune LLP, Attn: William D. Holden, Chief Restructuring Officer, 10 East 53nt Street, 33nt Floor, New York, NY The actual fees incurred during the period were $58, However, in accordance with Citrin Cooperman & Company's retention by the Debtors, we have included a discount of$10, which represents a 20% discount of actual fees incurred relating to the audit of the 40l(k) plan. This results in Fees Incurred, as presented above, of $47,

2 smb Doc 625 Filed 12/20/16 Entered 12/20/16 14:26:02 Main Document Pg 2 of 5 This is a: X Monthly Interim Final Application. 2

3 smb Doc 625 Filed 12/20/16 Entered 12/20/16 14:26:02 Main Document Pg 3 of 5 PRELIMINARY STATEMENT 1. Citrin Cooperman & Company, LLP ("Citrin"), independent auditor and accounting services provider for Gawker Media LLC ("Gawker Media") and Gawker Media Group, Inc. ("GMGI" and collectively with Gawker Media, the "Debtors"), hereby submits this statement of fees and disbursements (the "Monthly Statement") for the period from November 1, 2016 through and including November 30,2016 (the "Compensation Period") in accordance with the Order Establishing Procedures for Interim Compensation and Reimbursement of Expenses of Professionals [Docket No. 94] (the "Interim Compensation Order"). Citrin requests: (a) interim allowance and payment of compensation in the amount of$38, (80% of$47,609.60) of fees on account of reasonable and necessary professional services rendered to the Debtors by Citrin and (b) reimbursement of actual and necessary costs and expenses in the amount of $0.00 incurred by Citrin during the Compensation Period. Citrin requests payment in the total amount of $38, FEESFORSERVICESRENDERED DURING THE COMPENSATION PERIOD 2. Exhibit A sets forth a timekeeper summary that includes the respective names, positions, department, hourly billing rates and aggregate hours spent by each Citrin professional that provided services to the Debtors during the Compensation Period. The blended hourly billing rate of Citrin professionals during the Compensation period is approximately $ Exhibit B sets forth a task code summary that includes the aggregate hours per task code spent by Citrin professionals in rendering services to the Debtors during the Compensation Period. 3

4 smb Doc 625 Filed 12/20/16 Entered 12/20/16 14:26:02 Main Document Pg 4 of 5 4. Exhibit C sets forth detailed time records of Citrin professionals for the Compensation Period. [Remainder of this page intentionally left blank.} 4

5 smb Doc 625 Filed 12/20/16 Entered 12/20/16 14:26:02 Main Document Pg 5 of 5 NOTICE Pursuant to the Interim Compensation Order, Citrin has asked the Prime Clerk to provide notice of filing of this statement by hand, overnight delivery, or, if agreed to by the respective Notice Party (as defined in the Interim Compensation Order), by to an address designated by that Notice Party, on: (a) the Debtors, Gawker Media LLC, c/o Opportune LLP, 10 East 53rd Street, 33rd Floor, New York, New York 10022, Attn: William D. Holden (profinvoices@gawker.com); (b) the United States Trustee for the Southern District of New York, 201 Varick Street, Suite 1006, New York, NY 10014, Attn: Greg Zipes and Susan Arbeit; (c) counsel for the Official Committee of Unsecured Creditors, Simpson Thacher & Bartlett, 425 Lexington Ave., New York, NY 10017, Attn: Sandy Qusba (squsba@stblaw.com) and William T. Russell (wrussell@stblaw.com); (d) counsel to US VC Partners LP, as Prepetition Second Lien Lender, Latham & Watkins LLP, 330 North Wabash Avenue, Suite 2800, Chicago IL 60611, Attn: David Heller (david.heller@lw.com) & Latham & Watkins LLP, 885 Third Avenue, New York, NY 10022, Attn: Keith A. Simon (keith.simon@lw.com); and counsel to Cerberus Business Finance, LLC, Schulte Roth & Zabel LLP, 919 Third Avenue, New York, NY 10022, Attn: Adam C. Harris (adam.harris@srz.com). Dated: November 18,2016 New York, NY /y/ Michael E Rhodes Michael E. Rhodes CITRIN COOPERMAN & COMPANY LLP 529 Fifth Avenue New York, NY Telephone: (212) Facsimile: (212) mrhodes@citrincooperman.com Independent Auditor and Accounting Services Provider to the Debtors and Debtors in Possession 5

6 smb Doc Filed 12/20/16 Entered 12/20/16 14:26:02 Exhibit A - Timekeeper Summary Pg 1 of 3 Exhibit A Timekeeper. Summary

7 smb Doc Filed 12/20/16 Entered 12/20/16 14:26:02 Exhibit A - Timekeeper Summary Pg 2 of 3 TIMEKEEPER SUMMARY HOURS TOTAL NAME OF PROFESSIONAL TITLE DEPT. HOURLY RATE BILLED COMPENSATION Brack, Allison Partner Tax $ $ Domian, Estera Staff Audit & Accounting $ $ 4, Fielstein, Howard Partner Bankruptcy $ $ Freel, Michael Manager State & Local Tax $ $ Kashkin, Alex Staff Audit & Accounting $ $ 1, LiRosi, Paul Director Tax $ $ 1, McCumiskey, Michael Manager Audit & Accounting $ $ 15, Poliseo, Angela Staff Audit & Accounting $ $ 16, Porricelli, Thomas Supervisor Audit & Accounting $ $ Rhodes, Michael Partner Audit & Accounting $ $ 2, Ruvere, Eugene Partner State & Local Tax $ $ Schniebolk, Mark Partner Audit & Accounting $ $ 3, Singer, Robert Staff Audit & Accounting $ $ Staron, Karolina Staff Audit & Accounting $ $ 2, Tsambiras, Soula Partner Audit & Accounting $ $ 9, Total Compensation $ $ 58,200.75

8 smb Doc Filed 12/20/16 Entered 12/20/16 14:26:02 Exhibit A - Timekeeper Summary Pg 3 of 3 SUMMARY BY LEVEL BLENDED TOTAL HOURS TOTALS HOURLY RATES BILLED Partners $ Directors $ Managers $ Supervisors $ Staff $ Total Fees Incurred TOTAL COMPENSATION 15A , , A ,200.75

9 smb Doc Filed 12/20/16 Entered 12/20/16 14:26:02 Exhibit B - Task Code Summary Pg 1 of 2 ExhibitB Task Code Summary

10 smb Doc Filed 12/20/16 Entered 12/20/16 14:26:02 Exhibit B - Task Code Summary Pg 2 of 2 TASK CODE SUMMARY SERVICE CODE DESCRIPTION HOURS AMOUNT 203 Audit of Employee Benefit Plan $ 52, Other Special Projects 5.00 $ 2, Taxes - General 5.05 $ 2, SALT Professionals 1.75 $ TOTAL $ 58,200.75

11 smb Doc Filed 12/20/16 Entered 12/20/16 14:26:02 Exhibit C - Time Detail Pg 1 of 5 ExhibitC Time Detail

12 smb Doc Filed 12/20/16 Entered 12/20/16 14:26:02 Exhibit C - Time Detail Pg 2 of 5 Dec 12,2016 Billing Worksheet Client- Client Code For the Period: 11/01/ /30/2016 WIPApproved ( 11/30/2016) Citrin Coopennan & Company, LLP WIP 0 Gawker Media Description Name Date Memo Rate Hours Amount ACCT 240 Audit of Employee Benefit Plan Tsambiras, Soula 11/1/ k audit $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/1/ k audit $ $ ACCT 240 Audit of Employee Benefit Plan Staron, Karolina 11/1/2016 Audit programs, Distribution Testing $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/1/ k audit $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 1112/ k audit $ $ ACCT 240 Audit of Employee Benefit Plan Staron, Karolina 11/2/2016 Distribution Testing 2016, loan Analytics $ $ Cons 214 Other Special Projects Rhodes, Michael 11/2/2016 Meeting with Josh Albertson $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/2/ k audit $ $ 1, ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/3/ k audit $ $ 1, ACCT 240 Audit of Employee Benefit Plan Tsambiras, Soula 11/3/ k audit $ $ Cons 214 Other Special Projects Rhodes, Michael 11/3/2016 Dividends - call with Andreas $ $ Correspondence with auditor on Statement of Proposed Assessment for sales tax audit; review of statement and related workpapers; taxes 613 SALT Professionals Ruvere, Eugene 11/3/2016 correpsondence with client. $ $ discuss NYS sales tax audit with Eugene R., taxes 613 SALT Professionals Freel, Michael 11/3/2016 s re: same $ $ Prep. Materiality docuement and timeliness testing, checklist updates, contribution ACCT 240 Audit of Employee Benefit Plan Staron, Karolina 11/3/2016 analysis $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/3/ k audit $ $ 1, Preparation of transfer testing and ACCT 240 Audit of Employee Benefit Plan Domian, Estera 11/4/2016 preliminary analytics. $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/4/2016 update call, review file. $ $ ACCT 240 Audit of Employee Benefit Plan Staron, Karolina 11/4/2016 Update preliminary analytics $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/4/ k audit $ $ daily update call and discussions with staff ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/7/2016 on progress of audit. $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/8/2016 dail update call $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/8/ k audit $ $ 2n.5o CEB 240 Audit of Employee Benefit Plan Kashkin, Alex 11/ census report work $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/ kaudit $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/ kaudit $ $ 2n.5o taxes 300 Tax General lirosi, Paul 11/10/2016 form 1139 update $ $

13 smb Doc Filed 12/20/16 Entered 12/20/16 14:26:02 Exhibit C - Time Detail Pg 3 of 5 ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/10/ k Audit $ $ 1, Assistance to Karolina with payroll selections. Meeting with Angela regarding ACCT 240 Audit of Employee Benefit Plan Domian, Estera 11/11/2016 audit status. $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/11/ k FS and review offile $ $ 2, ACCT 240 Audit of Employee Benefit Plan Staron, Karolina 11/11/2016 Participant contribution testing $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/11/ k audit $ $ 1, Downloaded and searched for information ACCT 214 Other Special Projects Porricelli, Thomas 11/11/2016 related to equity in $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/14/ kaudit $ $ ACCT 240 Audit of Employee Benefit Plan Tsambiras, Soula 11/ k audit $ $ taxes 300 Tax General LiRosi, Paul 11/ tax notices update 1139 $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/ kaudit $ $ 1, ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/ k audit $ $ 1, Meeting with Angela regarding audit ACCT 240 Audit of Employee Benefit Plan Domian, Estera 11/16/2016 progress. $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/16/ k audit $ $ ACCT 240 Audit of Employee Benefit Plan Tsambiras, Soula 11/16/ k audit $ $ 1, Equity- discussion with Alicia Hou of ACCT 214 Other Special Projects Porricelli, Thomas 11/16/2016 Opportune and tie out of Series A $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/16/ kaudit $ $ 1, CEB 240 Audit of Employee Benefit Plan Kashkin, Alex 11/16/2016 various workpapers $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/17/ k audit $ $ ACCT 240 Audit of Employee Benefit Plan Domian, Estera Demographic and salary testing. $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/ kAudit $ $ 1, CEB 240 Audit of Employee Benefit Plan Kashkin, Alex return on investment testing $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11118/ k audit $ $ 1, ACCT 240 Audit of Employee Benefit Plan Oomian, Estera 11/18/2016 Eligibility and salary testing. $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/21/ k audit $ $ 1, Investment testing and contribution testing. ACCT 240 Audit of Employee Benefit Plan Domian, Estera 11/21/2016 Finalizing audit programs. $ $ 1, ACCT 214 Other Special Projects Porricelli, Thomas 11/21/2016 Provided AJE- PJE- EJE to Will Holden $ $ from Eugene R. re: NYS change of address form; prepare same and to Eugene, upload change of address info to taxes 613 SALT Professionals Freel, Michael 11121/2016 GFR for 2016 return $ $ Review of Notice and Demand for Payment received from New York Department of Tax as related to sales tax audit; correspondence taxes 613 SALT Professionals Ruvere, Eugene 11/ with W. Holden on same. $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/21/ k audit $ $ 1, ACCT 240 Audit of Employee Benefit Plan Schnlebolk, Mark 11/21/ k audit $ $

14 smb Doc Filed 12/20/16 Entered 12/20/16 14:26:02 Exhibit C - Time Detail Pg 4 of 5 Phone with Mike and meeting with Angela. Preparation of audit programs and finalizing ACCT 240 Audit of Employee Benefit Plan Domian, Estera 11/22/2016 contribution testing. $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/22/ k audit $ $ 1, ACCT 240 Audit of Employee Benefit Plan Tsambiras, Soula 11/22/ k audit $ $ 2, ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/22/ kAudit $ $ 1, ACCT 240 Audit of Employee Benefit Plan Domian, Estera 11/23/2016 Finalizing contribution testing. $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/23/ k audit $ $ 1, ACCT 240 Audit of Employee Benefit Plan Tsambiras, Soula 11/23/ k audit $ $ 1, ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/23/ k audit $ $ ACCT 240 Audit of Employee Benefit Plan Singer, Robert 11/23/2016 begin proof $ $ ACCT 240 Audit of Employee Benefit Plan Schniebolk, Mark 11/23/ $ $ 1, ACCT 240 Audit of Employee Benefit Plan Singer, Robert 11/26/2016 proofread & foot (rush, per Mark) $ $ ACCT 240 Audit of Employee Benefit Plan McCumiskey, Michael 11/28/ k $ $ 1, Discussions with Will Holden on CRT Rtn and spoke with Alicia in regards to Equity ACCT 300 Tax General Porricelli, Thomas 11/28/2016 questions $ $ ACCT 240 Audit of Employee Benefit Plan Schniebolk, Mark 11/28/ k audit $ $ ACCT 240 Audit of Employee Benefit Plan Poliseo, Angela 11/28/ k audit $ $ proof/foot contd etc: proof & correct changes ACCT 240 Audit of Employee Benefit Plan Singer, Robert 11/28/2016 etc $ $ ACCT 300 Tax General Fielstein, Howard 11/29/2016 Call with Mike Rhodes re IRS tax audit issue $ $ review of notice, prepared POA, call with Mike Rhodes, Will Holden and Lynn on next steps for IRS audit, In addition to meeting taxes 300 Tax General LiRosi, Paul 11/29/2016 with Allison and call with Howard fielstein $ $ taxes 300 Tax General Rhodes, Michael 11/29/2016 IRS tax notice $ $ taxes 300 Tax General Brack, Allison 11/29/2016 request for prompt assessment $ $ ACCT 240 Audit of Employee Benefit Plan Tsambiras, Soula 11/30/ k audit $ $ 2, ACCT 240 Audit of Employee Benefit Plan Schniebolk, Mark 11/30/ k audit $ $ ACCT 240 Audit of Employee Benefit Plan Singer, Robert 11/30/2016 proofread & correct changes $ $ $ 58,200.75

15 smb Doc Filed 12/20/16 Entered 12/20/16 14:26:02 Exhibit C - Time Detail Pg 5 of 5 CITRIN COOPERMAN Please remit payment to: 529 Fifth Avenue New York, NY P Gawker Media 114 Fifth Avenue, Floor 2 New York, NY Invoice No. Date Client No FOR PROFESSIONAL SERVICES RENDERED THROUGH NOVEMBER 30, 2016 AS FOLLOWS: NYS SALES AND USE TAX AUDIT E.RUVERE M.FREEL 1.00 $475/HR 0.75 HRS@ $410/HR $ AUDIT OF THE 'GAWKER MEDIA 401 (K) PLAN S. TSAMBIRAS $475/HR M. SCHNIEBOLK 5.75 HRS@ $525/HR M. MCCUMISKEY $370/HR A. POLISEO $260/HR E. DOMIAN $185/HR A. KASHKIN 6.50 HRS@ $185/HR K. STARON HRS@ $170/HR R. SINGER 4.40 $205/HR ACCOUNTING AND TAX ADVISORY SERVICES M. RHODES 4.00 HRS@ $560/HR A. BRACK 0.50 HRS@ $575/HR H. FIELSTEIN 0.30 HRS@ $500/HR P. LIROSI 2.25 HRS@ $460/HR T. PORRICELLI 3.00 $250/HR TOTAL FEES THIS PERIOD COURTESY DISCOUNT (20% of fees related to 401 (k) Plan Audit) Total This Invoice 9, , , A A , , , , , ( ) $ ~z aos ao Payment due upon receipt.. Please include this page or make reference to the invoice number and client number on your chec~ Remit payment to our NY address at: 529 Fifth Avenue. New York. NY