A 10th US publisher has collapsed. Glenn Dyer reports on the latest print media failing: Freedom Communications of California.
The advent of Annex Funds are an admission that the private equity model is broken beyond repair and it's desperate times for the likes of KKR, Apollo and Cerberus.
Just when will interest rates rise again? Hard to tell based on the Reserve Bank's meeting today. But they will rise -- the economy is showing signs of recovering, albeit slowly.
Tomorrow's second quarter growth figures are looking more and more lineball after the June quarter's balance of payments were released this morning.
The US newspaper industry has endured another three tough months as ad revenues continue to fall. All of which underlines the unreality of Rupert Murdoch's crusade to get news website users to pay for content.
It was nice while it lasted: the forthcoming series of Celebrity MasterChef Australia will give its sponsors -- including McDonald's, Harvey Norman and Coles -- "tailored on-air" integration, meaning more spruiking and less sauteing.
The Ten Network's struggling Canadian parent Canwest has announced it has won yet another extension (we've lost count) from its senior lenders on a deadline to come up with a recapitalisation plan.