As a result of a succession of bankruptcies U.S. media companies are increasingly coming under the control of banks
Categories: Main News
American media market continues to suffer the consequences of the strongest in the last 70 years of recession, companies, publishers, one by one pass bankruptcy, when they are under the control of its own creditors, writes The Wall Street Journal.
Last week, the holding company Affiliated Media Inc., which owns media companies MediaNews [...]
American media market continues to suffer the consequences of the strongest in the last 70 years of recession, companies, publishers, one by one pass bankruptcy, when they are under the control of its own creditors, writes The Wall Street Journal. Last week, the holding company Affiliated Media Inc., which owns media companies MediaNews Group Inc., producing dozens of newspapers in the United States has reached agreement with creditors for a simplified procedure of bankruptcy, resulting in the existing securities ... Read More