Complex sentence: Next in 1989, Fanfare's parent, Public Company, found itself in difficulties, forcing Fanfare into the hands of BMG, and an in-debt Cowell was forced to move back in with his parents.
Split into simpler sentences: Next in 1989, Fanfare's parent, Public Company, found itself in difficulties, forcing Fanfare into the hands of BMG. An in-debt Cowell was forced to move back in with his parents.