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Maxim in Restructuring Talks

What You Should Have Read, Nov. 21, 2008

Published on .

Maxim in Restructuring Talks

The Wall Street Journal reports that the publisher of men's magazine Maxim is in restructuring talks that are expected to turn over the company to creditors, landing another blow to star media deal maker Steve Rattner. The negotiations are fluid and could still fall apart, according to people familiar with the discussions. Financial results at Alpha Media, the publisher of Maxim and a separate music magazine called Blender, have dropped sharply amid an advertising slowdown, causing the firm to violate debt covenants.
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