McClatchy faces concerns over debt service and cash flow
Posted by ~Ray @ 2008-03-26 01:30:35
This communicate is mainly about cluelessness at The Sacramento Bee and its parent affiliate the McClatchy affiliate. But I also post about current events the Iraq war politics and things that arouse me. Take a look around this blog. I wish you enjoy it.
: Investors are concerned about McClatchy's debt service and cash move.
The market is concerned that MNI may undergo affect making its function as it moves into 2008. The firm recently took a $1.37 billion goodwill write-down and Moody's said it may cut its debt rating on the affiliate again. Reuters: The publisher faces "ongoing pressure on the company's flow from declining advertising revenue that contributed to a $1.5 billion write-down of newspaper assets in the third accommodate and the resulting challenge to reduce leverage to the ranges originally incorporated in the 'Ba1' rating," Moody's said in a statement.[ADVERTHERE]Related article:
http://cancelthebee.blogspot.com/2007/11/mcclatchy-faces-concerns-over-debt.html
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