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Global Eagle provides business update

Thursday, 14 Sep 2017 04:15pm EDT

Sept 14 (Reuters) - Global Eagle Entertainment Inc :Global Eagle provides business update.Sees Q4 2016 revenue $157 million.Sees FY 2016 revenue $530 million.Global Eagle Entertainment Inc - ‍Committed to filing company's 2016 form 10-K by September 30, 2017​.Global Eagle Entertainment Inc - ‍Committed to filing its Q1 and Q2 2017 form 10-QS within 30 days after September 30, 2017​.Global Eagle Entertainment Inc - ‍For Q4 2016, Global Eagle expects to report revenue of $157 million, net loss of $88 million​.Global Eagle Entertainment Inc - ‍Received a notice of delisting of its securities from Nasdaq​.Global Eagle Entertainment Inc - ‍Company intends to appeal delisting​.

Korea Business News to buy 30 pct stake in Eun Kang L&D for 5.98 bln won

Thursday, 31 Aug 2017 11:57pm EDT

Sept 1 (Reuters) - Korea Business News Co Ltd <039340.KQ> ::* Says it plans to buy 870,000 shares of Eun Kang L&D, a golf course company, for 5.98 billion won .* Says it will hold 30 percent stake(870,000 shares) in target company after transaction .

Scripps acquires four fast-growing, audience-targeted television networks

Tuesday, 1 Aug 2017 09:00am EDT

Aug 1 (Reuters) - E. W. Scripps Co :Scripps acquires four fast-growing, audience-targeted television networks.E. W. Scripps Co - ‍acquired Katz Broadcast Networks, which distribute programming for targeted audiences over air, in a deal worth $302 million​.E. W. Scripps Co says scripps intends to finance transaction with $250 million of new debt and about $50 million of cash on hand.E. W. Scripps Co - ‍four networks are forecast to generate about $180 million in revenue and about $30 million in segment profit in 2018​.E. W. Scripps Co - ‍Scripps was already a 5 percent owner in a portion of business, so its net purchase price is $292 million​.E. W. Scripps Co - ‍transaction is expected to be accretive to scripps' earnings in 2018 and beyond​.E. W. Scripps co says upon closing of deal, Scripps' leverage is expected to be about 3x on a pro forma 2017/18 blended basis.

Rai Way files merger plan for incorporation of Sud Engineering

Tuesday, 16 May 2017 05:43am EDT

May 16 (Reuters) - RAI WAY SPA ::SAID ON MONDAY THAT THE MERGER PLAN FOR INCORPORATION OF THE WHOLLY-OWNED SUBSIDIARY SUD ENGINEERING WAS FILED.

Emmis qtrly loss per share $0.62

Thursday, 11 May 2017 06:05am EDT

May 11 (Reuters) - Emmis Communications Corp :Emmis announces fourth quarter and full-year earnings.Emmis communications corp qtrly loss per share $0.62.Qtrly total net revenues $43.5 million versus. $50.9 million.Emmis communications -cash commitment to sprint had been satisfied, business relationship between nextradio and sprint extended for additional 3 years.

Zee Entertainment Enterprises March-qtr consol profit rises almost sevenfold

Wednesday, 10 May 2017 05:31am EDT

May 10 (Reuters) - Zee Entertainment Enterprises Ltd :March quarter consol net profit 15.14 billion rupees.March quarter consol total income 15.83 billion rupees.Consensus forecast for March quarter consol net profit was 3.10 billion rupees.Says first phase of sale of sports business to Sony Pictures Network completed; USD 330 million been received.Consol net profit in March quarter last year was 2.27 billion rupees as per Ind-AS; consol total income 15.59 billion rupees.Says board recommends equity dividend of 250 pct/ INR 2.50 per share.March quarter consol exceptional item 12.23 billion rupees.

Iheartmedia doubts Co's ability to continue as a going concern

Thursday, 4 May 2017 06:45am EDT

May 4 (Reuters) - Iheartmedia Inc : :Iheartmedia Inc reports results for 2017 first quarter.Iheartmedia says determined that there is substantial doubt as to co's ability to continue as a going concern for a period of 12 months following May 4, 2017.Iheartmedia says current operating plan indicates co will continue to incur net losses and generate negative cash flows from operating activities.Iheartmedia Inc - qtrly revenue $ 1.33 billion versus $ 1.36 billion; qtrly net loss attributable to the company $388.2 million versus $88.5 million.Iheartmedia Inc- as of march 31, 2017, had $365.0 million of cash on balance sheet, including $200.6 million of cash held by subsidiary, ccoh.Iheartmedia Inc- estimate capital expenditures for 2017 to be between $300 million and $325 million.Iheartmedia says going concern doubt as a result of uncertainty around co's ability to refinance or extend the maturity of receivables based credit facility.

Broadmedia says merger between units

Friday, 28 Apr 2017 02:36am EDT

April 28 (Reuters) - Broadmedia Corp <4347.T>:* Says unit CDN Solutions K.K. will merge with unit Roonet Systems Co., Ltd..* Merger effective date on June 2.* Says unit Roonet Systems Co., Ltd. will be dissolved after the transaction .

Ten Network says HY revenue fell 2.5 pct

Wednesday, 26 Apr 2017 07:41pm EDT

April 27 (Reuters) - Ten Network Holdings Ltd :hy revenue from continuing operations $ 339.735 million versus $348.5 million a year ago.in december 2013 group established a $200m revolving cash advance facility.H1 loss for period attributable to members $232.191 million versus profit of $13.375 million a year ago.group is currently seeking to secure an amended or new borrowing facility with extended maturity and expanded size.size of new facility to be requested by group has potential to be approximately $250m.there is a material uncertainty that may cast significant doubt on group's ability to continue as a going concern.it may be unable to realise its assets and discharge its liabilities in normal course of business..there are ongoing discussions with shareholder guarantors and their advisors to consider necessary financing for group.transformation program is board approved and well developed with material revenue and cost saving opportunities being identified.discussions have commenced with a view to renegotiating material programming contracts.company expects challenging advertising revenue market conditions to continue.."absent any relief in television licence fees, this will result in an underlying ebitda loss for full 2017 finanical year of between $25m and $30m.".

ESPN to implement changes in talent lineup this week

Wednesday, 26 Apr 2017 10:03am EDT

April 26 (Reuters) - ESPN President John Skipper::ESPN President John Skipper in a memo to employees says "we will implement changes in our talent lineup this week".Says "limited number of other positions will also be affected and a handful of new jobs will be posted to fill various needs" - memo.

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