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BANKING & FINANCE - Jan. 16, 1992

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From Times Staff and Wire Reports

Telemundo Group Restructuring Its Debt: The parent company of the Telemundo Spanish-language TV network said it has hired the New York investment bank Blackstone Group to help it restructure and reduce $256 million of the company’s debt. The company failed to make an interest payment of $3.2 million due Wednesday.

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