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Radio giant Cumulus Media filed for bankruptcy Thursday (March 5) to eliminate $600 million in debt, citing “persistent industry-wide declines” in revenue and listeners moving to digital streaming services like Spotify. The company, which owns 394 stations in 84 markets across the country, filed the Chapter 11 case as part of a so-called pre-packaged deal…
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Beyond Debt Reprofiling: China’s Role in Global South Development Nairobi, Kenya. Photo by Reggie B via Unsplash. By Marina Zucker-Marques, Rosa He and Tianyi Wu Since the onset of the COVID-19 pandemic, many developing countries have faced a financial deadlock: they must scale up social and climate spending to support social-economic development, but the lack…
By Susan Edmunds of RNZ Business failures are forecast to continue, even as the economy grinds to recovery. Centrix said this week that liquidation numbers were up 16 percent year-on-year. Simplicity chief economist Shamubeel Eaqub has compiled data from the NZ Gazette, which shows that in the year to February, 30 percent of businesses that…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Domestic dollar bonds to support SL’s liquidity after debt restructuring: LRA Daily Mirror – Sri Lanka Read the original article here
Equatorial Launch Australia, a space start-up that launched three NASA rockets in 2022, has gone into liquidation, owing the Northern Territory government $5.44 million. The company faced delays and failed negotiations over land agreements, leading to its collapse. The liquidator will determine if any debts can be repaid and examine the causes of the company’s…