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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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October 10, 2014
08:33 EDTJRNJournal Communications unit to sell KFTI-FM
Journal Broadcast Group, a subsidiary of Journal Communications (JRN) has announced an agreement to sell radio station KFTI-FM in Wichita to Envision Broadcast Network, which is affiliated with Envision. Journal Broadcast Group is required to divest one FM station in its Wichita cluster as a result of the announced transaction between Journal Communications and E.W. Scripps (SSP), in order to comply with the FCC’s ownership limits. As part of that transaction, Journal Broadcast Group’s TV and radio stations will become part of Scripps, and both companies’ newspaper operations will be spun off and then merge to form a new public company called Journal Media Group. The transaction is expected to close in 2015. The sale of KFTI is contingent on FCC approval.

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