Forbes: Univision to sell bonds as it deals with heavy debt load

Univision's bonds sport a CCC-rating from Standard & Poor's, near the bottom of the credit scale, and it carries $10 billion in debt -- a whopping 12 times earnings.

And like other media companies, it's struggling: Univision's first-quarter interest expenses reportedly surpassed operating income.

http://www.forbes.com/2009/06/19/junk-univision-lbo-markets-bonds.html