Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.45 | American Apparel ▼ -0.006 | The Buckle ▼ -0.83 | Columbia ▼ -0.31 | Deckers Outdoor ▼ -1.45 | Dicks ▼ -0.52 | Foot Locker ▲ +0.04 | Genesco ▼ -0.67 | Iconix Brand Group ▲ +0.15 | Jarden Corp ▲ +0.10 | Nordstrom ▼ -0.62 | Luxottica ▼ -0.63 | Nike ▲ +0.93 | Pacific Sunwear ▲ +0.01 | Skullcandy ▼ -0.20 | Sport Chalet ▲ +0.04 | Urban Outfitters ▼ -0.64 | VF Corp ▼ -0.28 | Quiksilver ▲ +0.07 | Zumiez ▼ -0.31 | Macys ▼ -1.83 | Tillys ▲ +0.01 |
Ticker Sponsor
Readers Say
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
I waited too long to sign up for Executive Edition
I waited too long to sign up for Executive Edition

I read Shop-Eat-Surf at every opportunity, and I waited too long to sign up for the Executive Edition. It’s timely, relevant and clearly “from the industry, for the industry.

- By Andy Laats, President, Nixon
New Industry Insight

Shorebreak Hotel as a venue for industry events. Cinematographer Louie Schwartzberg's "Moving Art Retreat" in June at Turtle Bay Resort. Details on Industry Insight.


Tiffany Montgomery
Print This Article

Source Interlink President on Grind deal

Source Interlink Media
Source Interlink Media President Chris Argentieri.
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