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Mandatory madness

14 November 2002 By Hugo Dixon, Hugo Dixon

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Mandatory madness

14 November 2002 By Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon, Hugo Dixon

The media group is effectively selling 7% of its equity at a 29% discount to the share price of a week ago. That’s the price a financiallychallenged group has to pay if it wants to raise cash to pay for dubious acquisitions.

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