|
| related topics |
| {condition, economic, financial} |
| {debt, indebtedness, cash} |
| {gas, price, oil} |
| {stock, price, operating} |
| {tax, income, asset} |
| {competitive, industry, competition} |
| {interest, director, officer} |
| {capital, credit, financial} |
|
|
Risks Related to Our Business
There is substantial doubt about our ability to continue as a going concern.
An Event of Default has occurred under the terms of our Facility and our Senior Notes. While we have an agreement in principle on terms to refinance all of our debt, there can be no assurance that we will close the refinancing or that the lenders under the Facility and our Senior Notes will not seek to exercise remedies that may be available to them prior to such closing, which would have a material and adverse effect on our business.
Our operating income has declined since 2002. We may not be able to reverse this trend particularly in the current economic environment or reduce costs sufficiently to offset anticipated declines in revenue
The global credit market disruptions and economic slowdown which significantly worsened in the third quarter of 2008 have created a difficult and uncertain environment across all industries and there is no immediate sign of a recovery.
Even if we complete the refinancing, the cost of our indebtedness is expected to increase substantially, which, when combined with our recent performance of declining revenue, will affect our liquidity and could limit our ability to implement our business plan and respond competitively
Our revenue could further decline if the general economy and broadcast industry do not improve and even more so if the economy and industry worsen, and consumer spending remains constrained or is further restricted
Our business is subject to increased competition resulting from new entrants into our business, consolidated companies and new technology/platforms, each of which has the potential to adversely affect our business.
Gores Radio Holdings, LLC exercises significant influence and control over our management and affairs.
Continued consolidation in the radio broadcast industry could adversely affect our operating results
We may be required to recognize further impairment charges
Full 10-K form ▸
|
|
| related documents |
| 929008--2/29/2008--WESCO_INTERNATIONAL_INC |
| 929008--3/15/2006--WESCO_INTERNATIONAL_INC |
| 1043432--10/30/2006--AMERICAN_SKIING_CO_/ME |
| 885550--2/27/2009--CREDIT_ACCEPTANCE_CORP |
| 718789--2/27/2006--SHUFFLE_MASTER_INC |
| 929008--3/1/2007--WESCO_INTERNATIONAL_INC |
| 70502--8/27/2007--NATIONAL_RURAL_UTILITIES_COOPERATIVE_FINANCE_CORP_/DC/ |
| 70502--8/25/2006--NATIONAL_RURAL_UTILITIES_COOPERATIVE_FINANCE_CORP_/DC/ |
| 861884--3/15/2006--RELIANCE_STEEL_&_ALUMINUM_CO |
| 1295664--9/15/2008--Kearny_Financial_Corp. |
| 899045--2/27/2009--LAMAR_MEDIA_CORP/DE |
| 1090425--2/27/2009--LAMAR_MEDIA_CORP/DE |
| 883902--1/12/2006--NCI_BUILDING_SYSTEMS_INC |
| 1047865--3/15/2010--WEBSTER_PREFERRED_CAPITAL_CORP |
| 1011308--3/9/2009--FOOTSTAR_INC |
| 1037646--2/13/2009--METTLER_TOLEDO_INTERNATIONAL_INC/ |
| 886136--3/16/2010--SAGA_COMMUNICATIONS_INC |
| 739608--11/12/2010--PENFORD_CORP |
| 803164--3/30/2010--CHOICEONE_FINANCIAL_SERVICES_INC |
| 803164--3/31/2009--CHOICEONE_FINANCIAL_SERVICES_INC |
| 8858--8/29/2007--AVNET_INC |
| 3499--2/22/2010--ALEXANDERS_INC |
| 895417--2/25/2010--EQUITY_LIFESTYLE_PROPERTIES_INC |
| 895417--3/2/2009--EQUITY_LIFESTYLE_PROPERTIES_INC |
| 1011308--3/13/2008--FOOTSTAR_INC |
| 1006837--4/5/2010--PRIMUS_TELECOMMUNICATIONS_GROUP_INC |
| 1037646--2/9/2010--METTLER_TOLEDO_INTERNATIONAL_INC/ |
| 707855--3/29/2010--PRINCETON_NATIONAL_BANCORP_INC |
| 1015328--3/1/2010--WINTRUST_FINANCIAL_CORP |
| 76094--3/31/2008--LEVCOR_INTERNATIONAL_INC |
|