Mecom emerges from debt trap - for now
Posted
by
Peter Kirwan
on 15 January 2009
at 10:39
Tags: Journalism
Mecom’s sale of its German newspapers will allow the company run by David Montgomery to pay off around one-quarter of its €650m net debt.
Mecom is selling Berliner Zeitung and the Hamburger Morgenpost for €152m.
You might be inclined to think of this as an object lesson for Mr Montgomery. After all, he cumulatively laid out some €200m to [...]
Tags: Journalism
