Report says U.S. media companies have healthy liquidity

A new report by Fitch Ratings shows that U.S. media and entertainment companies have "generally healthy'' liquidity. An article at Bloomberg.com by Andy Fixmer breaks down the report. Fixmer writes that according to Fitch analysts, diversified companies, including Walt Disney Co., News Corp., Time Warner Inc. and Viacom, "are best positioned to weather market conditions." Tribune Co., however, has a "very limited margin of error." Fixmer writes:

An 8 percent drop in the publisher and broadcaster's earnings before interest,taxes, depreciation and amortization would violate loan terms, Fitch said.

Read the full article here.