MediaWorks set to breach bank covenants
Revenue, due in part to QMS purchase, had ticked up in 2019 - before Covid struck.
MediaWorks is in urgent talks with the bank over covenants its says it is likely to breach from June of this year onwards because of falling earnings.
The company, which released its annual results to the end of December 2019 today, cast doubts on its ongoing viability unless it can negotiate
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