Business Services Industry
Media giants fight to survive.
Australasian Business Intelligence, June, 2009
Byline: Miriam Steffens
Jun 14, 2009 (The Sydney Morning Herald - ABIX via COMTEX) -- The major shareholders of two Australian media groups must refinance their debt in coming weeks. CanWest Communications Group owns 57 per cent of the Ten Network, and must secure a recapitalisation deal with its creditors in the week beginning 15 June 2009. Independent News & Media, the controlling shareholder of APN News & Media, is also in negotiations with its lenders.
Publication Date: 15 June 2009
TEN NETWORK HOLDINGS LIMITED - ASX TEN APN NEWS AND MEDIA LIMITED - ASX APN CANWEST GLOBAL COMMUNICATIONS CORPORATION INDEPENDENT NEWS AND MEDIA PLC
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