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Univision Settles Lawsuit with Mexicans; Bonds Spike
Submitted by Tyler Durden on 01/22/2009 22:47 -0400
After a long and costly battle between highly leveraged Hispanic TV company Univision, which was LBOed in late 2006 by a consortium of billionaire Haim Saban, Madison Dearborn, Providence, Tommy Lee and TGP, for $13.7, and has a bout $10 billion of mostly covenant lite debt, and Mexican soap opera maker Televisa, the two have finally decided to settle this afternoon.
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CNBC Recommends a "Bong Break" for The Country
Submitted by Tyler Durden on 01/23/2009 17:04 -0400we don't disagree
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At The Altar: YHOO MSFT Part 2?
Submitted by Tyler Durden on 01/16/2009 18:08 -0400Bloomberg, citing the uber-dependant "person", reports that Microsoft's manic-depressive boss Ballmer has met with Yahoo's Chairman Roy Bostock in New York. Preamble to new marriage bells? We will keep you posted.
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Citi Files Summary Terms of Its US Government Joint Loss Sharing Program
Submitted by Tyler Durden on 01/16/2009 22:32 -0400For the full link to the 8-K, look here.
At this point on Friday we are too drunk to read thru this garbage.
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Death Watch: NYT About to Get George Romero Treatment
Submitted by Tyler Durden on 01/19/2009 05:37 -0400
I guess the expression "throwing good money after bad" hasn't quite made it to Tijuana yet. NYT reports that Carlos Slim is about to invest $250 million of 10 year 10% convertible preferred stock and that the New York Times board is meeting on Monday to formalize his investment.
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Real-Estate Values in Bastion of Hedgefundery Plummet
Submitted by Tyler Durden on 01/20/2009 01:03 -0400Yes, we all know median home prices are down, nobody is buying or selling anything, 30 year mortgages are the cheapest they have ever been but nobody can get one, yada yada... However, this is all for California, Nevada and Detroit, right? Wrong.
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One Third of Middle Market LBOs To Set Up Appointment with Cryptkeeper
Submitted by Tyler Durden on 01/20/2009 17:06 -0400
Jon Moulton, head of the cool sounding Alchemy Partners (I thought that was reserved for Paulson and Bernanke's upcoming hedge fund), has said that nearly one-third of mid-market buyouts could fall into receivership (UK equivalent of bankruptcy).
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Market Not Sure Why It Is Crashing But Doing So Anyway
Submitted by Tyler Durden on 01/16/2009 18:20 -0400In a totally non-schocking response to yesterday's trading action, the S&P has dropped 25 pts from its peak today.
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Charter Has Not Learned from Nortel Lessons
Submitted by Tyler Durden on 01/17/2009 02:14 -0400
Bloomberg reports that Charter Communications, which as we noted, did not pay its Jan. 15 interest payment and has hired Rick Cieri and his mega-bankruptcy law firm Kirkland and Ellis...
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Death Watch: NYT About to Get George Romero Treatment
Submitted by Tyler Durden on 01/19/2009 05:37 -0400
I guess the expression "throwing good money after bad" hasn't quite made it to Tijuana yet. NYT reports that Carlos Slim is about to invest $250 million of 10 year 10% convertible preferred stock and that the New York Times board is meeting on Monday to formalize his investment.
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British Pound: His Name is Robert Paulson
Submitted by Tyler Durden on 01/20/2009 02:17 -0400*POUND WEAKENS ON SPECULATION U.K. CREDIT LOSSES WILL SPREAD
*POUND FALLS TO SIX-YEAR LOW OF $1.4295 AGAINST DOLLAR
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One Third of Middle Market LBOs To Set Up Appointment with Cryptkeeper
Submitted by Tyler Durden on 01/20/2009 17:06 -0400
Jon Moulton, head of the cool sounding Alchemy Partners (I thought that was reserved for Paulson and Bernanke's upcoming hedge fund), has said that nearly one-third of mid-market buyouts could fall into receivership (UK equivalent of bankruptcy).
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Layoff Watch: Pfizer, AMD and GE Capital joining Hertz in "Streamlining"
Submitted by Tyler Durden on 01/16/2009 18:38 -0400
Pfizer cutting 2,400 jobs or a third of its total workforce, AMD is slashing another 1,100 people, and GE Capital
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Friday Night Ponzi: Another One on the Loose; Getting Silly Now
Submitted by Tyler Durden on 01/17/2009 03:48 -0400
While this is not quite as dramatic as Schrenker's insane plane-crash stunt, or at least not yet, the new Ponzi runaway story is all over the news.
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Gasparino-Kneale Boxing Match Extravaganza on Hold Over Becky News
Submitted by Tyler Durden on 01/19/2009 14:58 -0400
In a move that is sure to shatter Warren Buffett's heart, Becky Quick has recently gotten hitched... to none other than her boss it seems. Page 6 reports that the anchor of Squawk Box quietly married CNBC executive producer Matthew Quayle, who is apparently a big Christian, and a divorcee with two kids to boot.
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