Sponsors
Billabong ▼ -0.025 | PPR ▲ +5.55 | American Apparel ▲ +0.030 | The Buckle ▲ +0.39 | Columbia ▼ -0.42 | Deckers Outdoor ▼ -0.11 | Dicks ▼ -0.12 | Foot Locker ▼ -0.03 | Genesco ▲ +0.46 | Iconix Brand Group ▲ +0.02 | Jarden Corp ▼ -0.28 | Nordstrom ▼ -0.32 | Luxottica ▼ -0.06 | Nike ▲ +0.31 | Pacific Sunwear ▲ +0.02 | Skullcandy ▲ +0.20 | Sport Chalet - 0 | Urban Outfitters ▲ +0.17 | VF Corp ▼ -1.01 | Quiksilver ▼ -0.03 | Zumiez ▲ +0.74 | Macys ▲ +0.33 | Tillys ▼ -0.03 |
Ticker Sponsor
Readers Say
The first thing I look at
The first thing I look at

I find Shop-Eat-Surf to be a very useful and informative site that I enjoy browsing daily. Shop-Eat-Surf is the first thing I look at every morning to keep up-to-date on the latest talk, events, and happenings in the industry. I must say I am a fan of Shop-Eat-Surf.

- By Bobby Abdel, Partner, Jack's Surfboards
The most up-to-date information
The most up-to-date information

“Shop-Eat-Surf is a great source for the most up to date information of what is going on in our industry. I always enjoy reading the articles and appreciate the effort from Tiffany and her team."

- By Richard Woolcott, CEO and Founder, Volcom
Industry Insight

PROCOPIO: Seminar 1/31 at Snow Show on IP strategies.
TURTLE BAY RESORT: 5 reasons to attend Wanderlust Oahu starting Feb. 26.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

Source Interlink President on Grind deal

By Tiffany Montgomery
October 08, 2010 10:11 AM

I followed up with Source Interlink Media President Chris Argentieri to ask him a few questions about the Grind Networks acquisition.

 

First, I was curious how Source Interlink financed the deal, since Source Interlink filed for bankruptcy in 2009.

 

Argentieri told me the prepackaged bankruptcy that had the approval of Source Interlink lenders allowed the company to emerge with a much stronger balance sheet and a changed capital structure.

 

GrindTVThe company’s business is strong and improving, he said, and the acquisition was funded by free cash flow.

 

“Our cash position hasn’t been better in recent history,” he said.

 

Argentieri declined to say how much Source Interlink paid for Grind Networks.

 

(Right: A screen grab of GrindTV this morning. Links to ASG titles are already at the top of the page.)

 

On page 2: how the merger will work

 

 

Previous 1 2 Next

Articles You Might Have Missed