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Article: Alpha Media Group Announces Recapitalization.
- Article from:
- Entertainment Newsweekly
- Article date:
- August 7, 2009
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Alpha Media Group ("AMG"), publisher of Maxim, announced a recapitalization of its balance sheet, including a debt-to-equity conversion, which will significantly reduce the company's debt and improve its capital structure. The recapitalization is a result of Alpha Media Group's ongoing efforts to restructure and strengthen the company's operations and improve future revenue growth and profitability.
Stephen Duggan, Alpha Media Group CEO, said, "We are extremely pleased to announce the recapitalization which will reduce our company's legacy debt load-it is an important step that will further strengthen our position as a leading branded entertainment company and ...