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TV-Loonland dumps debt burden

Following the sales of the Hasbro Classic Library back to Hasbro and its interest in Metrodome Group to Bucharest, Romania-based MediaPro Management SA, Munich, Germany's TV-Loonland has notified its shareholders that it has repaid its bank debt of US$39 million and is now operating debt-free.
May 21, 2008

Following the sales of the Hasbro Classic Library back to Hasbro and its interest in Metrodome Group to Bucharest, Romania-based MediaPro Management SA, Munich, Germany’s TV-Loonland has notified its shareholders that it has repaid its bank debt of US$39 million and is now operating debt-free. The excess proceeds from the company’s two most recent transactions, valued at approximately US$1.9 million, is available for the company to use as it sees fit.

About The Author
Gary Rusak is a freelance writer based in Toronto. He has covered the kids entertainment industry for the last decade with a special interest in licensing, retail and consumer products. You can reach him at garyrusak@gmail.com

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