The Surge of Media Debt Sales of $18.3 Billion Signal More Mergers
Signs of a recovering economy? It seems that the debt brokers and bouncing back.....see more for the story
Media Debt Sales of $18.3 Billion Signal More Mergers (Update2) - Bloomberg.com: "Media Debt Sales of $18.3 Billion Signal More Mergers (Update2)
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By Sarah Rabil and Gabrielle Coppola
Sept. 11 (Bloomberg) -- News Corp., owner of Fox television, Discovery Communications Inc. and other media companies raised almost $4 billion in debt sales last month, a sign that thawing credit may open the door for takeovers.
The surge in issuance compares with nothing in July and zero a year earlier. It brings total bond sales by U.S. media companies to $18.3 billion in 2009, more than all of 2008, and lets companies repay maturing debt or finance growth."
Media Debt Sales of $18.3 Billion Signal More Mergers (Update2) - Bloomberg.com: "Media Debt Sales of $18.3 Billion Signal More Mergers (Update2)
Share | Email | Print | A A A
By Sarah Rabil and Gabrielle Coppola
Sept. 11 (Bloomberg) -- News Corp., owner of Fox television, Discovery Communications Inc. and other media companies raised almost $4 billion in debt sales last month, a sign that thawing credit may open the door for takeovers.
The surge in issuance compares with nothing in July and zero a year earlier. It brings total bond sales by U.S. media companies to $18.3 billion in 2009, more than all of 2008, and lets companies repay maturing debt or finance growth."
posted by gotoguy | 10:23 PM
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