Sponsors
Billabong ▼ 0.000 | PPR ▼ -0.05 | American Apparel ▼ -0.003 | The Buckle ▲ +0.01 | Columbia ▲ +1.83 | Deckers Outdoor ▼ -0.04 | Dicks ▲ +0.67 | Foot Locker ▲ +0.58 | Genesco ▲ +0.20 | Iconix Brand Group ▲ +0.21 | Jarden Corp ▲ +0.42 | Nordstrom ▲ +0.48 | Luxottica ▲ +1.00 | Nike ▲ +0.82 | Pacific Sunwear ▲ +0.07 | Skullcandy ▲ +0.34 | Sport Chalet ▼ -0.04 | Urban Outfitters ▲ +0.19 | VF Corp ▲ +0.96 | Quiksilver ▲ +0.05 | Zumiez ▲ +0.26 | Macys ▲ +1.08 | Tillys ▲ +0.05 |
Ticker Sponsor
Readers Say
In touch with our business
In touch with our business

If you're not plugged into Shop-Eat-Surf.com daily, you're out of touch with our business!

- By Peter "PT" Townend, The ActivEmpire
Keeps me in the loop
Keeps me in the loop

Being an Executive Edition member allows me to not miss a beat when it comes to the Industry business news. Definitely keeps me in the loop plus goes great with my morning joe.

- By Tony Perez, Surfer and Surfing magazines
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