Traditional US media are fighting an uphill battle against Internet news websites and citizen journalists, despite question marks over the credibility of the Web and copyright problems.
“Almost all newspaper owners realize that they are constantly losing ground in the battle for eyeballs,” Warren Buffett, a millionaire shareholder of the major US national daily The Washington Post, said of the competition for readers. [ more ›› ]
(Vancouver, Canada) March 28th, 2007 - Norsat International Inc. (TSX - NII.TO; OTC BB - NSATF.OB), a leading provider of intelligent satellite solutions, today announced that it has fully repaid, in cash, a US $2 million Convertible Debenture (”Debenture”) due to Swiss Life’s subsidiary, Banca del Gottardo. In an unrelated transaction, the company has closed on a short term loan, in the amount of US $1,028,227, from existing shareholders.”This is a bold and calculated move. The company could have negotiated to roll over this debt for another couple of years. Instead, management opted to pay the convertible debenture off in full. The retirement of this debt is a significant achievement and should come as a pleasant surprise to many,” said Ugo A. Doninelli, Chairman of the Board, Norsat International Inc. [ more ›› ]
