Connoisseur Becomes a Zombie Company

  • 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.

Read the full article now.

Free samples of our work here.

Report Newstips confidentially in our Witness Protection Program here.

Talk to Jerry privately here.

See a complete list of my previous stories here