(What a shame. /sarcasm )

http://blogs.wsj.com/deals/2008/12/11/u ... -troubles/

Univision Communications, the Spanish-language broadcaster taken private last year in a $12.3 billion leveraged buyout led by media mogul Haim Saban. Univision was downgraded Thursday by Moody’s, its second downgrade this year, and it posted a $2.9 billion loss in the third quarter. Its ratio of debt to cash flow may be as high as 13 to 1.

Univision is struggling to make payments on its nearly $10 billion of debt, for which the payments rose by $845 million this year, because cash flow is falling precipitously and cash on hand is declining. The company had a little more than $700 million in cash and short-term investments as of Oct. 31.
More at the link!