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Filling the pipes
The aughts began with the January 2000 announcement of Time Warner Inc. 's merger with America Online Inc., the ultimate paean to vertical consolidation of media content creation and distribution. It's tempting to view Comcast Corp. 's purchase of a controlling stake in NBC Universal Inc. as a cyclical counterpart, or reprise of the same corporate motif, in the waning days of the decade.
Comcast's acquisition, after all, will combine the nation's largest cable company with marquee content such as NBC sitcoms "The Office" and "30 Rock," programming from the Spanish-language media company Telemundo Communications Group Inc. and USA Network, and a library of films that includes "Inglourious Basterds," "Brokeback Mountain," "To Kill a Mockingbird" and "Schindler's List."
What's not in the same ballpark of those two iconic deals is their price tags. Time Warner paid more than $100 billion for America Online, while Comcast will hand over close to $14 billion for 51% of a joint venture that will hold NBCU.
Credit Counseling and Debt Consolidation: What to Watch Out For ...
I just returned from Philadelphia and it is time to get back to work up in here. The worst aren’t credit counselors at all, writes Liz Pulliam Weston for MSN.com’s personal finance column. She says that they typically bill themselves as experts in “debt settlement,” they pledge to make it possible for you to get rid of your debts for pennies on the dollar — after you pay an upfront fee that can run $3,000 or even more. Weston reports that it isn’t easy to find out just how many people have signed up for debt repayment plans through credit-counseling services. If you need a good philadelphia credit counseling then I think that these guys can probaly help you. Obviously they are based in Philadelphia, pennsylvania. She cites Lydia Sermons-Ward, spokeswoman for the National Foundation for Credit Counseling, who says that of those in debt repayment plans, roughly half were expected to complete their plans. The other half were unsuccessful and some of those would end up in bankruptcy.
Onetime expenses of $153 thousand were recorded in the three month period ended June 30, 2010 related to acquisition expenses and consolidation expenses and more »
What I Like and Don't Like About KraftCost savings of at least $675 million are expected over the first few years from facility consolidation and economies of scale. Kraft expects the combined and more »
The consolidation increased second quarter 2010 revenues and operating expenses by approximately $13 million and $10 million respectively, and decreased and more »
On January 1, 2010, we adopted the new accounting standard for the consolidation of variable interest entities. The new standard revises the prior guidance and more »