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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 cant 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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