The article is pretty short. It did not name stations or have quotes from anyone. A potential deal would use private debt market.
Allen Media Group owns Entertainment Studios Inc., The Weather Channel and several network-affiliated stations. It has previously turned to the broadly syndicated debt markets to fund acquisitions, including its purchase of Honolulu’s KITV and stations owned by Quincy Media.
It’s considering private credit — where debt is held by just a few lenders and is not typically bought and sold — as some of its obligations have struggled. The company’s term loan is quoted at around 88 cents on the dollar, according to data compiled by Bloomberg, while its $650 million of 10.5% bonds change hands at distressed levels, according to Trace.