Journal Communications, Inc. (NYSE:JRN) announced today that it has successfully amended and restated its credit facility.
Mail Online, the world’s largest global newspaper website, today announced the appointment of two experienced U.S. digital executives to run ad sales and marketing, signaling an emerging strategy to monetize its strong audience growth in North America. Rich Sutton will oversee advertising as Chief Revenue Officer and Sean O’Neal will head marketing as Global Chief Marketing Officer.
The McClatchy Company (NYSE: MNI) today announced that it has priced its offering of $910 million aggregate principal amount of its 9.00% Senior Secured Notes due 2022 to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The aggregate principal amount of notes to be issued has been increased from the originally announced $750 million to $910 million. The offering is expected to close on December 18, 2012, subject to satisfaction of customary closing conditions.
The McClatchy Company (NYSE-MNI) (“McClatchy” or the “Company”) announced today that it has amended and restated its previously announced offer to purchase for cash (“Offer”) its outstanding 11.50% senior secured notes due 2017 (the “Notes”) and solicitation of consents (the “Consent Solicitation”) relating to its outstanding Notes to increase the amount the Company is offering to purchase in the Offer from up to $700 million aggregate principal amount of Notes to any and all outstanding Notes, and to amend the Consent Solicitation.
The World Association of Newspapers and News Publishers (WAN-IFRA) today published the 2012 edition of World Press Trends, its annual report on the state of the global newspaper industry.
Subject to Court Approval, Public Auction
Media executives from Cambodia, Egypt, Libya, Myanmar and Vietnam got together for the WAN-IFRA Media Professionals Programme year-end event in Kuala Lumpur this week for sessions on leadership and management, how to develop a solid media business and women in leadership.
