Latin Music may be hot, but on compact discs. Univision's credit rating cut on concerns of sale of music assets

"Univision Communications's corporate credit ratings cut to 'B-' - S&P"

S&P's credit analyst Michael Altberg said the downgrade reflect significantly lower-than-expected asset sale proceeds for Univision's music division, and an increasing challenge, to cover its 500 mln usd second-lien asset sale bridge loan that matures in March 2009.

http://money.cnn.com/news/newsfeeds/articles/newstex/AFX-0013-23597197.htm

Also ...

At Univision Communications, an impairment charge of $190.6 million, related to its music business, has resulted in the company posting a fourth-quarter loss of $201.5 million.

http://www.worldscreen.com/newscurrent.php?filename=univision030608.htm