Once registered, you can:

  • - Read additional free articles each month
  • - Comment on articles and featured creative work
  • - Get our curated newsletters delivered to your inbox

By registering you agree to our privacy policy, terms & conditions and to receive occasional emails from Ad Age. You may unsubscribe at any time.

Are you a print subscriber? Activate your account.


Standard & Poor’s places CNET Networks on CreditWatch

Published on .

New York—Standard & Poor’s Ratings Services said late Friday that it has placed its ratings, including the “B” corporate credit rating, on online technology publisher CNET Networks on CreditWatch, with negative implications.

“The action is due to the possible acceleration of $125 million of debt maturities,” said S&P’s credit analyst Andy Liu, in a news release.

The potential acceleration of debt stems from CNET’s inability to file its quarterly 10-Q on time, S&P said. CNET has also received a delisting notice from the NASDAQ after it failed to file its 10-Q on time.

The resolution of the CreditWatch listing will depend on CNET filing the delayed financial reports, and S&P’s evaluation of CNET’s business performance at that time.

—Matthew Schwartz

Most Popular
In this article: