Sunday, December 14, 2008

Moodys downgrades Univision

Moody’s Investors Service says the weak advertising market is putting pressure on revenues and cash flow for Univision. The company’s ratings have been downgraded and Moody’s says the outlook for Univision is negative. The credit downgrade applies to approximately $10.6 billion of debt for the Spanish-language radio and TV giant.

http://www.rbr.com/media-news/wall-street/11786.html

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