I especially like the talk about refinancing some or all of their bonds. Partially possible now given the bond stipulations. But in one year its fully possible to re-Di and given FCF is now enough to pay their current financial crash legacy high interest expense twice over they are in very good shape to negotiate much more favorable financing. Putting the 2009 bond deal behind them will do wonders for cash flow and the bottom line.
And considering recent media deals at improved multiples near 10x and EVC EBITDA growing to 65+ million they look pretty attractive today as an acquisition.