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We live and work in exciting times - revolutionary times. Technology continues to recast the media industry.

The extraordinary advance of affordable personal digital technology and the stellar rise of social networks are both distrupting and transforming the media market making this a unique moment to be involved in the convergence sectors we focus on.

This is also our place to ruminate and comment on the world as we see it, we hope you enjoy and please join in.

Monday, 27 April 2009

Indie - crunch time

Our spies tell us that INM will successfully do a deal with its bond holders and the Indie will live on. For now.

Bond holders aside the Group is saddled with heavy debt which requires serious interest payments. Interest on the bank debt is 90+ million euros a year!

And all this at a time when revenues are under huge strain and maintaining profits is not at all easy.

Scary times
Sent from my handheld

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