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March 31, 2009

Idearc Inc. Files For Chapter 11

Idearc Inc. filed for chapter 11 bankruptcy today at the United States Bankruptcy Court for the Northern District of Texas. The debtor's petition lists $1.8 billion in assets and $9.5 billion in debt, approximately $6.6 billion of it secured.

Idearc Inc. manages and delivers print, on-line and wireless publishing and advertising services. They are represented by Fulbright & Jaworski L.L.P.