Radio & Television

AldeaVision gets $900,000 but still faces cash crunch

MONTREAL – Broadcast networking solutions provider AldeaVision Solutions said today that it has entered into a $900,000 demand revolving credit facility with Almiria Capital Corp., but that the money doesn't solve its problems. "The credit facility will bear an annual interest rate equal to the Toronto-Dominion Bank prime rate plus two percent and shall be reimbursed in full at the latest on June 16, 2008. The loan is secured by a first ranking hypothec on AldeaVision Solutions Inc.'s accounts receivable, inventory and intellectual property. The proceeds of the credit facility will be used for funding AldeaVision Solutions general operating expenses,"...
 

Our industry and COVID-19

We've gathered a number of links where Canadian cable, radio, television, telecom and wireless companies have posted their responses to the Covid-19 pandemic.