Risk Factors Update Summary
- Any continued detrimental shifts in viewer preferences could impact advertising rates and revenue.
- A shortfall in popular content could significantly affect business outcomes.
- Outstanding indebtedness increased from approximately $2.9 billion to $3.3 billion.
- Ability to incur additional debt increased from $400 million to $585 million.
- Breach of debt covenants could lead to default and lenders declaring all amounts outstanding.
- Transition of subscribers to virtual services could adversely affect business profitability.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=832428&owner=exclude
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