Distress in the media industry has created a deep pool of bargain-priced targets. But that doesn't mean it's easy for well-financed corporate buyers like magazine publisher and television and digital media operator Meredith Corp. to scoop up distressed assets. In this edition of Inside The Deal, Meredith chief development officer John Zieser -- also featured in "Distressed Deals: Here come the strategics" in The Deal magazine -- tells Suzanne Stevens that negotiating a low enough price is one of the biggest challenges. See the video below or download it at iTunes.
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Paulson's proposal to purchase an equity stake in Yellow Pages publisher Idearc is the second time in recent months an investor group has used its prepetition debt position to execute a bargain price 'exit LBO.'
