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(Sylvain Dumais/)

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Yellow Media’s Tellier brought down by too much debt

When a company is forced to restructure, you can often lay blame on many moving parts. Shifting industry landscape. Bad management. Silly business strategy.

But in some situations, the root problem is crystal clear: piling on too much debt. It happened to CanWest Global Communications Corp., and it happened to Yellow Media. Both were giants of their industries until they suddenly crumbled under crushing debt burdens.