Newspaper & Mailroom
Friday 07. December 2012

Journal Communications, Inc. Closes On Purchase of NewsChannel 5, WTVF TV, Nashville, Tennessee From Landmark Media

Journal Communications, Inc. (NYSE:JRN) announced today that its Journal Broadcast Group, Inc. subsidiary has closed on the purchase of Nashville’s WTVF NewsChannel 5 Network, LLC, a CBS-affiliate television station with an ancillary news and digital channel as well as a market leading internet property, from Landmark Media Enterprises, LLC (“Landmark”) for $215 million in cash plus a working capital adjustment.

Tuesday 04. December 2012

McClatchy Announces Pricing of $910 Million of its 9.00% Senior Secured Notes Due 2022

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.

Tuesday 04. December 2012

McClatchy Amends Debt Tender Offer And Consent Solicitation

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.

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