Net News search results for: securities and exchange
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April 21, 2017
DOJ 'Second Request' Could Delay Entercom-CBS Radio Merger
The DEPARTMENT OF JUSTICE has served ENTERCOM and CBS a “request for additional information," which may slow down the mega merger of ENTERCOM with CBS RADIO. In a form 8-K filing with THE SECURITIES AND EXCHANGE COMMISSION, ENTERCOM wrote, … more »
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April 20, 2017
Spanish Broadcasting System Considers Options After Defaulting On Debt Repayment
SPANISH BROADCASTING SYSTEM fourth quarter revenues rose 5% overall to $42.1 million with radio revenues up 3% to $37.5 million and TV revenue up 19% to $4.6 million, but that good news was accompanied by a warning that the company defaulted on a debt … more »
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April 13, 2017
iHeartCommunications Tries Again With Another Deadline Extension, Amendments To Debt Swap Proposals
The original version didn't get a very positive response from lenders, so iHEARTCOMMUNICATIONS, INC., with its iHEARTMEDIA, INC. and CC OUTDOOR HOLDINGS, INC. subsidiaries, are amending the terms and again extending the deadline for one of its latest … more »
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April 7, 2017
No Takers Yet, So iHeartMedia Extends Exchange Offer Deadlines
iHEARTCOMMUNICATIONS, INC., iHEARTMEDIA, INC., and CC OUTDOOR HOLDINGS, INC. have extended the deadlines for its latest attempts to swap debt in two exchange offers. The expiration of the offers, originally set for FRIDAY, APRIL 14th, is now set at … more »
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March 16, 2017
Moody's Says iHeart's Proposed Restructuring Of Its Debt Would Be Considered 'A Continuation Of Its Distressed Exchange'
YESTERDAY (3/15), ALL ACCESS reported iHEARTCOMMUNICATIONS, INC. is taking another whack at refinancing with two sets of new private offers to swap existing debt for new loans and securities (NET NEWS 3/15). MOODY'S says iHEARTCOMMUNICATIONS' … more »
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March 15, 2017
iHeartCommunications Proposes Two More Debt Swaps
iHEARTCOMMUNICATIONS, INC. is taking another whack at refinancing with two sets of new private offers to swap existing debt for new loans and securities. In one proposal, the company is offering lenders under the Company’s Term Loan D and Term Loan … more »
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February 2, 2017
Snapchat Files Papers With SEC For IPO
SNAP, INC., the parent company behind the disappearing messaging app SNAPCHAT, has filed its plans for an initial public offering of stock with the SECURITIES AND EXCHANGE COMMISSION. The company has not released how much it plans to ask for in … more »
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January 16, 2017
Key iHeartMedia Executives Receive A 'Retention Bonus', Pittman And Bressler In Line For $7M More In 'Incentives'
In an 8-K form filing with the SECURITIES AND EXCHANGE COMMISSION, iHEARTMEDIA unveiled bonus details for some executives. The Board "approved a form of retention bonus agreement and individual retention bonus amounts for certain senior managers, … more »
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January 16, 2017
Cumulus Media Awards Mary Berner A $1.087M Bonus
CUMULUS MEDIA also had an 8-K form filing with the SECURITIES AND EXCHANGE COMMISSION, with the compensation committee of the board of directors approving, "a one-time discretionary cash incentive compensation award to MARY G. BERNER, the … more »
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November 29, 2016
iHeartMedia Proposes To Eliminate Voting Rights Of Some Bondholders
iHEARTMEDIA continues to address its more than $20 billion of debt, and is now asking bondholders of the iHEARTCOMMUNICATIONS division to make it easier for the company to plan a future financial overhaul. YESTERDAY (NET NEWS 11/28), Investor MARIO … more »