Univision Skips Payment: Univision Holdings Inc., the...
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From Times Staff and Wire Service Reports
Univision Skips Payment: Univision Holdings Inc., the New York owner of KMEX-TV Channel 34 and seven other Spanish-language TV stations, said that because of cash-flow problems it was unable to make $10 million in interest payments, including $3 million to bank lenders and $7 million to holders of its subordinated debentures. Univision’s problems will not affect operations at KMEX-TV or the other stations, a spokeswoman said.
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