The banks who control Dial Global’s future have made enough progress in convincing the management about how Dial Global must change that the lenders have put up another $5 million to fund the company for another 6 weeks. The implication is that February 28th, the paperwork will be ready to “restructure” the company. These days, that tends to not mean bankruptcy (since a judge might overrule the plan agreed to), but rather a negotiated settlement between the business and the lenders.<\/p>\n
I suspect the sports and talk products might be split off to different fates, but that’s only a guess.<\/p>\n","protected":false},"excerpt":{"rendered":"
The banks who control Dial Global’s future have made enough progress in convincing the management about how Dial Global must change that the lenders have put up another $5 million to fund the company for another 6 weeks. The implication … Continue reading