Sunday, August 24, 2008

LA Biz Observed: Univision's debt!

"Last year's $13.7 billion acquisition of L.A.-based Univision has left the new owners, a group of big league private equity fellas that includes L.A. billionaire Haim Saban, with nearly $10 billion in outstanding debt. Second-quarter financials for the Spanish-language media giant were pretty weak – revenue was down 4.3 percent and operating income before depreciation and amortization was down 10.9 percent."
http://www.laobserved.com/biz/2008/08/debt_woes_at_univisi.php

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