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Sport Media Group files for bankruptcy

Posted by modeFinance on April 5, 2011 at 9:51
According to the news in link on 2 April 2011, the publisher of “the Sunday Sport” and “The Daily Sport” has filed for bankruptcy since it has failed to meet its debts.Thanks to predictive feature of MORE ratings (link), it was already clear, by the year 2009, that the company was facing serious difficulties (see last year’s rating class: C). The fast deteriorating solvency and profitability indicators with a detailed comparison between the Sport Media and its competitors in the same sector were clearly able to explain that the company’s financial and economic performance was not sufficient to pay back its obligations.You can download here (link), the modeFinance Credit Report of Sport Media Group.
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