- A Zombie company is one that needs bailouts in order to operate, or an indebted company that is able to repay the interest on its debts but not repay the principal – what went wrong at Connoisseur.
- What did the principals have to pay to rescue Connoisseur from their chief lender.
- So, what happens now – selling assets like Cumulus, swapping or buying stations.
- What’s the real deal – what does the burned equity lender get?
- What does the Warshaw led management group get?
- And what about Warshaw’s alleged connection to the Cumulus reorganization – exposed here.
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