Out & about in the Funny Farm

The Slog

Nar then, ‘ere’s a funny fing missus…this is a Maine News Center taster to your left. MNC is part of the Tegna Empire that owns 64 television stations in 51 local markets, reaching 39% of all television households nationwide in the US. Tegna (itself only formed in 2015) is heavily indebted….and therefore easy to persuade “to behave itself”: In September 2020, Tegna announced it had raised $550 million in debt financing, which would go to pay outstanding debt. The company said it would to use the net proceeds to repay the entire $350 million aggregate principal amount of its 4.875% senior notes due 2021 and $188 million aggregate principal amount of its 5.5% senior notes due 2024. It waved its ass in the air as an acquisition whore this year but none of the offers came to fruition. This smacks of due diligence accountants looking at the balance sheet and…

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About Wirral In It Together

Campaigner for open government. Wants senior public servants to be honest and courageous. It IS possible!
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