Media Deals in Limbo

Oct 2, 2008  •  Post A Comment

Several potential media deals are in a state of uncertainty due to the U.S. financial crisis, Dow Jones Newswires reports. Buyers are less likely to make risky purchases, while sellers are losing leverage as the value of their assets declines, the wire service says. Among the deals that could be affected are Time Warner’s sale of AOL and Cablevision Systems’ divestment of its cable network assets. Tribune Co.’s sale of the Chicago Cubs could still go through because the media company badly needs cash, analysts told Dow Jones.
—Sergio Ibarra

One Comment

  1. Please stop linking to the Wall Street Journal if you guys don’t have a share deal with the because most of us can’t read the articles.

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