CVC May be Forced to Sell Assets at Nine Entertainment

Auditors of Australian television network Nine Entertainment Co. have warned that its owner, private equity firm CVC Asia Pacific, may be forced to sell assets to help service A$3.6 billion ($3.7 billion) in debt, Reuters reported, citing the Australian Financial Review. The newspaper reported that the accountants Ernst & Young said there were doubts about Nine's ability to continue as a going concern unless it was able to repay or renegotiate A$975 million of debt due in 2014, Reuters wrote.

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