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News Stories (8 Results) - Broadcasting

LBI Media, Inc. announced it is pursuing a financial restructuring in order to implement an agreement with 100% of the Company’s senior lenders to reduce LBI’s debt by more than $350 million. LBI has also received a commitment for a new $38 million... Read Story
November 26, 2018, 07:00 AM

Gray Television, Inc. and Raycom Media, Inc., an employee-owned company, jointly announced that they have entered into an agreement to combine their companies in a transformative transaction that will create the single largest owner of top-rated... Read Story
June 26, 2018, 07:43 AM

iHeartMedia, Inc. announced that it has reached an agreement in principle with holders of more than $10 billion of its outstanding debt and its financial sponsors. The agreement reflects widespread support across the capital structure for a... Read Story
March 16, 2018, 07:38 AM

Cumulus Media Inc. announced that it has entered into a Restructuring Support Agreement with, among others, certain of its secured lenders, holding in the aggregate, approximately 69% of the Company’s term loan to reduce the Company’s debt by more... Read Story
November 30, 2017, 07:09 AM

The volume of broadcast-station mergers and acquisitions in the U.S. reached $4.47 billion in the second quarter of 2017, according to estimates from Kagan, a group within S&P Global Market Intelligence. The TV segment contributed $4.22 billion of... Read Story
July 10, 2017, 07:15 AM

Radio One, Inc. closed on a new senior secured credit facility, with Guggenheim Securities Credit Partners, LLC, as administrative agent, The Bank of New York Mellon, as collateral agent and Guggenheim Securities, LLC sole lead arranger and sole book... Read Story
April 25, 2017, 07:15 AM

U.S. broadcast station mergers and acquisitions (M&A) volume reached $2.76 billion in the first quarter of 2017, according to analysis by Kagan, a media research group within S&P Global Market Intelligence. Radio deals accounted for $2.59 billion... Read Story
April 17, 2017, 07:17 AM

Salem Communications announced the early settlement of its previously announced cash tender offer for any and all of its $213.5 million aggregate principal amount of 9.625% Senior Secured Second Lien Notes due 2016. In conjunction with the offer... Read Story
March 15, 2013, 07:12 AM