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.
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