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One Thing To Watch In 2009 – Toxic Debt
Michael Hedges January 5, 2009 Follow on Twitter
Multi-national publisher Mecom Group has become the most recent poster child for debt rattled publicly traded media companies. Once – and not long ago – the darling of rapturous financial projections it now can’t meet debt covenants exceeding €600 million, a figure that has increased more than ten-fold since the rapture. Media companies are becoming sub-prime, er, toxic.

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