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Emmis Communications, units enter into fourth amendment to 2014 credit agreement

6:47am EDT

April 24 (Reuters) - Emmis Communications Corp ::Emmis Communications Corp says on April 18, co, units entered into a fourth amendment to 2014 credit agreement- SEC filing.Emmis Communications Corp - fourth amendment eliminated maximum total leverage ratio covenant through May 31, 2018.Emmis Communications Corp - fourth amendment and replaced maximum total leverage ratio covenant with a minimum consolidated EBITDA covenant of $20 million.Emmis Communications - amendment required co to enter into definitive agreements by Jan 18, 2018 to sell assets generate at least $80 million of sale proceeds.Emmis Communications Corp - fourth amendment accelerated maturity of term loans to April 18, 2019 and revolving loans to August 31, 2018.

Sinclair Broadcast Group announces agreement to purchase Bonten Media tv stations

Friday, 21 Apr 2017 09:00am EDT

April 21 (Reuters) - Sinclair Broadcast Group Inc :Sinclair broadcast group announces agreement to purchase Bonten Media Group tv stations.Deal for $240.0 million.Deal expected to be on average approximately $25 million accretive to our free cash flow on an annualized basis.Anticipates that transaction will close and fund with cash on hand in Q3 of 2017.

Sinclair Broadcast Group announces agreement to purchase Bonten Media tv stations

Friday, 21 Apr 2017 09:00am EDT

April 21 (Reuters) - Sinclair Broadcast Group Inc :Sinclair broadcast group announces agreement to purchase Bonten Media Group tv stations.Deal for $240.0 million.Deal expected to be on average approximately $25 million accretive to our free cash flow on an annualized basis.Anticipates that transaction will close and fund with cash on hand in Q3 of 2017.

Shaanxi Broadcast & TV Network Intermediary Group to invest 100 mln yuan in big data group firm for 10 pct stake

Friday, 21 Apr 2017 04:27am EDT

April 21 (Reuters) - Shaanxi Broadcast & TV Network Intermediary Group Co Ltd <600831.SS> ::* Says it plans to invest 100 million yuan in a Shaanxi-based big data group firm for 10 percent stake.* Says co plans to pay cash div 0.38 yuan per 10 shares for FY 2016.

Hunan TV & Broadcast Intermediary to pay cash 0.3 yuan per 10 shares as FY 2016 div payment

Friday, 21 Apr 2017 03:05am EDT

April 21(Reuters) - Hunan TV & Broadcast Intermediary Co Ltd <000917.SZ> : :* Says it plans to pay cash 0.3 yuan per 10 shares as FY 2016 div payment.

Hunan TV & Broadcast's 2016 net profit down 12.6 pct y/y

Thursday, 20 Apr 2017 09:35am EDT

April 20 (Reuters) - Hunan TV & Broadcast Intermediary Co Ltd <000917.SZ>:Says 2016 net profit down 12.6 percent y/y at 333.1 million yuan ($48.41 million).

EMC says SEC has condemned former vice chairman and executive director of Triton Holding Pcl

Thursday, 20 Apr 2017 09:15am EDT

April 20 (Reuters) - EMC Pcl :SEC has condemned Neeranuch Na-Ranong, former vice chairman and executive director of Triton Holding PCL."the company has been informed of this and Neeranuch Na-Ranong has been removed from the board".Case will not affect the business operation of the company.

Mediaset shares fall 4 pct after results, broker downgrades

Thursday, 20 Apr 2017 03:14am EDT

April 20 (Reuters) - Mediaset::Shares in the Italian broadcaster fall more than 4 percent in early trade after results to stand down 2.1 percent by 0709 GMT.The group reported on Wednesday an operating loss of 189 million euros in 2016, compared with an operating profit of 231 million euros in 2015.nL8N1HR5I1.CEO Pier Silvio Berlusconi blamed the loss on the failed sale of Mediaset's Premium pay-TV unit to France's Vivendi.Barclays downgrades the stock to "underweight" and cuts its price target by 22 percent to 3.25 euros, citing skepticism over 2020 targets.

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