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



Commentary by Steve Effros The “inflation number” for last month just came in. It was zero! The reporters, regulators and politicians have no idea of what to say. After all, for the past several months the

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


Aug 12
Most Powerful Women – 2022 Nominations Due: August 12
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 John@cynopsis.com for more information.