When it comes to using social media to improve crisis reporting, few have the experience of Al Jazeera, given its role in a volatile region – intense coverage of the Arab Spring, the Iranian elections, the Gaza conflict and more.
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.
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.
Enhancements Include Improved Navigation and Social Media Integration
“Crowd Sourced” special feature will allow Post journalists to ask questions, start a dialogue around some of today’s top issues
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.
Aggregate Principal Amount of Senior Secured Notes
