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Prospector
Profile
111-03
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| Haights Cross Communications, Inc. |
NAICS |
511130 |
| 10 New King Street, Suite 102
White Plains, NY 10604 |
Description |
Book Publisher |
| (914) 289-9400 |
Employees |
822 |
| http://www.haightscross.com/ |
Revenue |
(mil) |
222.0000 |
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Income |
(mil) |
-3.3300 |
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Assets |
(mil) |
362.6900 |
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Liability |
(mil) |
666.6000 |
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(for the year ended 2006-12-31) |
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Category:
Low Rating
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Event:
Standard & Poor's Ratings Services affirmed its 'CCC+' corporate credit rating on Haights Cross Communications, Inc., based on S&P's concern over the company's ability to service near-term debt obligations. At the same time, S&P removed the ratings from CreditWatch, where they were placed with developing implications on Sept. 17, 2007, because of the Company’s announcement that it was evaluating potential strategies, including the sale of some, or all, of the company. Total debt outstanding was $412 million as of Sept. 30, 2007. The outlook is negative.
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Intellectual Property:
The Company regards its trademarks, copyrights, trade secrets and similar intellectual property as valuable assets and rely upon trademark and copyright laws to protect its rights. For some products that involve the use of content created by third parties, the Company enters into license agreements that generally gives the exclusive right to use this content for specified purposes in specified geographic areas and mediums. In addition, the Company also buys products created by third parties from distributors and re-packages and redistributes such products. [SEC Filing 10-K 03-22-06]
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Description:
Haights Cross Communications is a publisher of test preparation and supplemental education materials.
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Officers:
Peter J. Quandt (Chair, Pres. & CEO)
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Auditor:
Ernst & Young LLP
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Securities:
9,929,703 common shares outstanding as of Oct. 31, 2007.
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