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The Forbes Family's Big Deal Causes Big Trouble
Oleh:
Benner, Katie
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
Fortune vol. 164 no. 3 (Aug. 2011)
,
page 12-13.
Topik:
The Forbes Family
;
Financial Crisis
;
Forbes Media
;
Publishing Company
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
FF16.46
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
The Forbes family has poked itself in the eye with its "capitalist tool." Like many publishers, Forbes Media has struggled during the financial crisis. But according to nonpublic documents made available to Fortune, the company has been under more financial strain than previously believed. Forbes Media violated covenants on a revolving credit line that it took out in 2006, according to a letter sent to the company by J.P. Morgan. The loan, which was part of a series of transactions that allowed the Forbes family to cash out more than $100 million from the company, is due next July. Some lenders have been selling pieces of it at a discount from face value.
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