Pay TV channel Setanta is expected to go bust in the UK today, while the tottering Independent News & Media group is said to be considering a deeply discounted cash issue to raise enough money to keep staggering on.
Independent News and Media
Canwest and INM still struggling
Canwest Global Communications Corp is selling its indirect interests in four Turkish radio stations to keep itself alive and out of receivership, while INM are facing a 200 million euro debt.
Canwest, Indy edge closer to the precipice
Canwest Global and the UK’s Independent News & Media are treading a scarily similar path to oblivion.
Media briefs: Canwest and Independent win breathing space on debt
Canwest Global and Independent News and Media have been given more time to repay debt, Nine has a non-exclusive, and could this be the end of MySpace Tom?
