Welcome to Market Revolution's blog

Thank you for visiting Market Revolution's blog.

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, 18 May 2009

Independent News & Media signs standstill deal

Independent News & Media has signed a standstill deal with its banks and bond holders and has secured another 15 million euro of working capital.

The deal ends on June 26.

That effectively means 3/4 weeks to get something hammered out and finalised with bond holders.

These are nervous times for the Indie. While the Indie frantically tries to find salvation its competitors (whilst they don't wish to see a fellow title go down) relish the chance to provide a 'home' for homeless Indie readers and bolster there own flagging circulation. Plans have already been drawn up and are ready to be executed.

Sent from my handheld

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