This spring Spanish media reports touted the idea that troubled Spanish media conglomerate Prisa Group was looking to sell book publisher Alfaguara — possibly to Random House. The company admitted it was “in talks for the transmission of this asset and other Grupo Prisa assets with various partners.” With no deals yet, the WSJ now reports that Prisa is considering a bankruptcy filing — in the US or Spain — possibly as a negotiation technique with lenders as they look to refinance or restructure approximately $3 billion in debt. A short-term loan provided in early June while restructuring discussions were […]
