Media General Announces Expiration of Tender Offer and Payment at Par on Term Loan

Media General, Inc. (NYSE: MEG) announced today that its tender offer to purchase up to $45.2 million of its 11?% Senior Secured Notes due 2017 expired on July 30, 2012 at 5 p.m. ET. Media General accepted for purchase $200,000 of notes that were validly tendered and the purchased notes were canceled. Holders of the validly tendered notes received the announced purchase price of 100% of the principal amount plus accrued and unpaid interest to the date of payment. All notes not tendered remain outstanding, leaving a principal amount due of $299.8 million.

Tuesday 07. August 2012

The Washington Post Company Reports Second Quarter Earnings

The Washington Post Company (NYSE: WPO) today reported net income attributable to common shares of $51.8 million ($6.84 per share) for the second quarter ended June 30, 2012, compared to $45.6 million ($5.74 per share) for the second quarter of last year. Net income includes $17.8 million ($2.36 per share) in income from discontinued operations and $2.0 million ($0.26 per share) in losses from discontinued operations for the second quarter of 2012 and 2011, respectively. Income from continuing operations attributable to common shares was $34.0 million ($4.48 per share) for the second quarter of 2012, compared to $47.6 million ($6.00 per share) for the second quarter of 2011.

Friday 03. August 2012

Denver Post Launches New iPad Application

Enhancements Include Improved Navigation and Social Media Integration

Friday 03. August 2012

The Washington Post Launches Platform for Crowdsourcing

“Crowd Sourced” special feature will allow Post journalists to ask questions, start a dialogue around some of today’s top issues

Thursday 02. August 2012

Greek Newspaper Launched in Tough Times

Launching a daily, paid-for general interest newspaper in the midst of a nation’s economic meltdown is not for the faint hearted. Publisher John Filippakis is proving his mettle after doing just that with the up-and-coming Dimokratia in Greece.

Thursday 02. August 2012

Postmedia Network Announces Intention to Issue C$250 Million

Aggregate Principal Amount of Senior Secured Notes

Wednesday 01. August 2012

The Washington Post Company Divests Avenue100 Media Solutions

The Washington Post Company (NYSE: WPO) announced today that the Company has divested its interest in Avenue100 Media Solutions to a management group.

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