RCN’s [RCNC] lenders again have agreed to extend their previously announced forbearance pact, this time until June 1. Negotiations between the overbuilder and its sr secured lenders on a restructuring of its balanced sheet continue. — Counting on the industry’s continued need for expansion capital, media-focused investment bank Veronis Suhler Stevenson launched a 5th investment fund. The fund will concentrate on companies in cable, advertising, radio, satellite and broadcasting, among others. Rather than offering equity investments, the mezzanine fund will be VSS’s first to make investments through subordinated debt or redeemable preferred stock, the company says. Typical transactions are expected to range from $10mln to $75mln. VSS’s goal for the fund is reportedly $350mln. VSS is the primary investor in CableFAX parent Access Intelligence (formerly PBI Media). – Mavis Scanlon

The Daily


Charter-Altice Ponderings

Bernstein Research figures there are two possible reasons for the leak to Bloomberg that Charter’s kicking the tires on Altice USA.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up


Apr 25
2024 Cablefax 100 Awards Magazine Release: April 25, 2024
Jun 13
2024 American Broadband Congress Conference Registration is Open!
Jun 26
2024 FAXIES Awards Nominations Are Open!
Full Calendar


Seeking an INDUSTRY JOB?

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact Rob Hudgins, [email protected], for more information.