Newspaper publisher Gannett's first payment to private-equity giant Apollo Global Management is due in two months.
Publishers reliant on print advertising have faced an uphill battle as people now consume the vast majority of their news online, where tech giants Google and Facebook vacuum up most of the ad revenue. Now, with the first loan payment due in roughly two months, the world's largest publisher of newspapers has already suspended dividend payments for the first and second quarters.
The company had $156 million in cash as of the end of fourth quarter. The firm notes it plans to refinance the loan from Apollo at the end of 2021 when the leverage is lower. The company also plans to add another $100 million to $125 million to pay down debt through real estate sales this year and next, but Arthur questions how much more the company can sell.
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Face it, no one in Washington wants to fix the small business loan program - Business InsiderNo one in Washington will stop big corporations with plenty of access to cash from taking money meant for small businesses. They must not want to.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
A direct subsidized loan is the best kind of student loan you can get - Business InsiderWith a direct subsidized loan, the federal government covers your interest while you're in school and during your grace period
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
How small businesses can get the maximum forgiveness on PPP loans - Business InsiderUsing the loans for anything other than payroll costs, rent, or utility bills will ultimately reduce the payment amounts that are forgiven. Haha-- by joining bi prime? Nah.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Kabbage Paycheck Protection Program loans for small businesses: Review - Business InsiderKabbage has shifted its focus to Paycheck Protection Program (PPP) loans to help small businesses struggling amid the coronavirus outbreak. Allows small business to get Loans that the stimulus package doesn’t give to small businesses . Fintech- financial tech company
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »
Big banks ready to unleash a flood of applications for new small business loansPressure is on Wells Fargo and Bank of America after they lagged in helping business customers tap the Paycheck Protection Program. Wishing unemployment would get back to me We’re runnng on “Borrowed” time. Is lending money what make this country run?
Источник: latimes - 🏆 11. / 82 Прочитайте больше »