Tuesday, April 07, 2009

AbitibiBowater still negotiating

AbitibiBowater, the leader in newsprint, is still confirming a reorganization plan that might include bankruptcy filing. The company is restructuring $6billion in debt, brought on with its acquisition of both Consolidated and Bowater. AbitibiBowater’s main source of revenue is from marketing production to newspapers – an industry losing advertisers and readers to the web.

No comments: