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Forbes Heirs Nearly Bankrupted Forbes Media While Taking $100+ Million For Themselves
Forbes
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Media recently found itself in technical default, and while the situation has improved, the company is not out of the woods yet.
Fortune obtained the financial records for the company and found that the company hired Alvarez & Marsal - "a firm that works with companies in dire financial straits or in bankruptcy to restructure their businesses" - to help it figure out how to stay afloat...
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Summary
Forbes Media recently found itself in technical default, and while the situation has improved, the company is not out of the woods yet.
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