I'm swamped today with business tasks and a family emergency. So I can't do much more than point to the news that Cygnus has defaulted on a portion of its debt. Credit-rating agency Moody's responded by cutting its rating on the B2B publisher.
I expect we'll see a lot more of this from those companies that are in similar trouble -- choking on debt, tied to expensive print production and dependent on a staff that has lost faith.
Click here to see an earlier post on Cygnus' financial woes.
tags: journalism, b2b, media, trade press, magazines, newsletters, business media