Fitch: U.S. Newspaper Bondholders May Face Heightened Risk.
Fitch's new report 'US Newspapers: Heightened Risk in a Downturn' describes the secular pressures by revenue element, provides guidance on Fitch's revised top-line downside case, depicts the increasing weight Fitch places on event risk considerations and examines key covenant features that exist in bank credit facilities and bond indentures for select companies at different positions within the investment grade category. The report also lists and describes a number of key factors that could positively differentiate and potentially insulate certain newspaper companies in this environment.
Fitch will host a teleconference at 11:00 a.m. ET today to discuss this report and other key trends in the U.S. newspaper industry. Interested participants should dial +1-866-838-2053 (U.S./Canada) or +1-904-596-2360 (outside North America). A Q&A session will follow analysts' remarks to cover any related topics or specific companies.
The report is available on the Fitch Ratings web site at www.fitchratings.com.
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|Date:||May 4, 2006|
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