Issues in Financial Management

The media industry has a rich financial history. Virtually every form of financial engineering such as mergers, acquisitions, leveraged buy outs, equity carve outs, spin-offs, unfriendly takeovers, proxy fights, bankruptcies, and asset swaps have taken place somewhere in the media industry during the past 20 years. In addition, the industry has had a history of utilizing creative financing instruments and vehicles like limited partnerships, rights offerings, PIK (paid in kind) preferred stocks, and tracking stocks to name a few.