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Stock Market & Financial Investment News

News Breaks
December 6, 2012
18:54 EDTJRNJournal Communications amends and restates credit facility through 2017
Journal Communications announced that it has successfully amended and restated its credit facility. The agreement provides for a revolving credit facility with aggregate commitments of $200M and a term loan facility with aggregate commitments of $150M. The term loan facility amortizes at 10% per annum payable quarterly with the balance due at maturity. Both facilities mature on December 5, 2017.
News For JRN From The Last 14 Days
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March 30, 2015
10:13 EDTJRNE.W. Scripps announces payment of special dividend to shareholders
The E.W. Scripps Company (SSP) has set the amount of a special cash dividend related to the merger of its broadcast assets with those of Journal Communications (JRN) and the spinoff of their respective newspapers.The special one-time cash dividend of $1.0297 per share is payable to shareholders of record as of the close of business on March 25. The total amount of the special dividend payment will be $60M. Scripps shareholders of record as of the close of business on March 25 also will receive shares in Journal Media Group, the independent newspaper company created by the spin-offs, payable upon the closing of the transactions. Journal Communications shareholders also receive shares in the new Journal Media Group.The special dividend is payable upon the closing of the transactions, scheduled for April 1. On the closing date, Scripps and Journal will simultaneously spin off and merge their newspaper operations to form Journal Media Group and immediately thereafter merge their broadcast operations, making Scripps one of the nation's largest independent TV station owners.

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