|Bid||0.01 x 100|
|Ask||199,999.98 x 100|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||37.00|
Calls for Full Redemption of 9.00% Senior Secured Notes Due 2022 SACRAMENTO, Calif. , July 16, 2018 /PRNewswire/ -- The McClatchy Company (NYSE American: MNI) ("McClatchy" or the "Company") ...
SACRAMENTO, Calif. , July 13, 2018 /PRNewswire/ -- McClatchy (NYSE American: MNI) announced today that its second quarter earnings conference call will be accessible live to the media and general public ...
Newspaper industry employment continues to fall, following the continuing drop in print advertising revenue.
The New York Times Company (NYT) has come a long way from being a sole provider of news content and advertising on print publications.
SACRAMENTO, Calif., June 29, 2018 /PRNewswire/ -- The McClatchy Company (NYSE American: MNI) ("McClatchy" or the "Company") today announced that it priced its offering of $310 million aggregate principal amount of its 9.00% Senior Secured Notes due 2026 (the "2026 Notes") to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The offering is expected to close on July 16, 2018, subject to satisfaction of customary closing conditions. The 2026 Notes will have an issue price of 97.242% and will be senior obligations of McClatchy and will be guaranteed by certain of the Company's domestic subsidiaries (the "subsidiary guarantors").
Moody's Investors Service, ("Moody's") affirmed the Corporate Family Rating for The McClatchy Company ("McClatchy") at Caa1 and assigned B1 rating to $310 million in new Senior Secured First Lien Notes due 2026, which together with additional debt raised are refinancing existing $345 million in First Lien Senior Secured Notes due 2022. Moody's affirmed the company's Probability of Default Rating (PDR) at Caa1-PD, and individual security ratings for the 2022 maturing First Lien Senior Secured Debt (to be withdrawn at repayment) at B1 and for 2027 and 2029 maturing Unsecured Notes issued by Knight Ridder, Inc. and assumed by McClatchy at Caa2.
CDS: It works. McClatchy was going to refinance all of its debt, much of which was owned by hedge fund Chatham Asset Management, with some new debt, much of which Chatham was going to buy. The trick was that none of the new debt would actually be issued by McClatchy: It would be issued by some new affiliate that didn’t count as McClatchy under the terms of credit-default swaps on McClatchy’s debt.
McClatchy Co., giving a victory to a group of hedge funds that had bet against it, said it is selling bonds and tweaking the terms of a proposed loan deal. The struggling newspaper publisher proposed financings that will keep debt at the McClatchy parent company, counter to a previous plan announced in April to move most of its borrowings to a subsidiary. Its prior plan would have hurt the hedge funds that were using credit default swaps to short McClatchy’s borrowings.
SACRAMENTO, Calif. , June 27, 2018 /PRNewswire/ -- The McClatchy Company (NYSE American: MNI) ("McClatchy" or the "Company") today announced that it has entered into an amended and ...
SACRAMENTO, Calif., June 27, 2018 /PRNewswire/ -- The McClatchy Company (NYSE American: MNI) ("McClatchy" or the "Company") today announced that it proposes to offer $310 million aggregate principal amount of senior secured notes, subject to market and other conditions. The notes would be due in 2026 and are to be offered and sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The notes will be senior obligations of McClatchy and will be guaranteed by certain of the Company's domestic subsidiaries (the "subsidiary guarantors").
The New York Times Company (NYT) is fast acclimatizing to the changing face of the multiplatform media universe and has already included mobile and reader application products in portfolio.
Zacks Industry Outlook Highlights: Gannett, McClatchy, tronc, New Media Investment Group and New York Times
In this analysis, my focus will be on developing a perspective on MNI Spólka Akcyjna’s (WSE:MNI) latest ownership structure, a less discussed, but important factor. When it comes to ownershipRead More...
SACRAMENTO, Calif., May 23, 2018 /PRNewswire/ -- The McClatchy Company (NYSE American-MNI) announced today the final results of its offer to purchase for cash up to $13 million of its 9.0% Senior Secured Notes due in 2022 (the "9.0% Notes") pursuant to the terms and conditions of the Offer to Purchase dated April 25, 2018 (the "Offer"). As previously announced, and in compliance with the terms of the indenture for the 9.0% Notes, McClatchy was required to offer to purchase for cash up to $13 million of the outstanding 9.0% Notes at par as a result of selling The State building and surrounding land in Columbia, South Carolina. In accordance with the indenture on the notes maturing in 2027 and 2029, leaseback transactions are considered asset sales and proceeds equal to the net present value of the attributable debt is required to be repurchased in publicly traded bonds within 90 days of entering into the lease.
Shareholders elected Anjali Joshi, who has served as a board member since July of 2017, as a new Class A director and also re-elected Maria Thomas and Elizabeth Ballantine as Class A directors. Craig Forman, McClatchy's president and CEO, provided an update on McClatchy's business through the first quarter of 2018, including the company's continued focus on journalism that is essential to our communities and its strategies to continue its successful digital transformation.
As I may have mentioned once or twice around here, I used to work at Goldman Sachs Group Inc., and while I generally think the firm is a good place and I like a lot of the people I worked with, I never exactly miss it. Investment banking was not, all in all, for me. Also, separately, as I may have implied once or twice around here, I have my doubts about some of the bolder claims that Bitcoin and blockchain enthusiasts make.
NEW YORK, NY / ACCESSWIRE / April 27, 2018 / McClatchy Company Class A (NYSE American: MNI ) will be discussing their earnings results in their Q1 Earnings Call to be held on April 27, 2018 at 12:00 PM ...
The Sacramento, California-based company said it had a loss of $5.04 per share. Losses, adjusted for one-time gains and costs, came to $2.63 per share. The media company and owner of The Kansas City Star ...
- Digital advertising revenues exceed print newspaper advertising revenues - Digital-only subscribers up 32.8%; average monthly unique visitors up 13.1% from prior year - Collaborates on Subscribe with ...
SACRAMENTO, Calif., April 25, 2018 /PRNewswire/ -- McClatchy (NYSE American: MNI) announced that The State Media Company completed the sale of real property including The State building and surrounding land. McClatchy is offering all $13.0 of after-tax proceeds to holders of its 9.0% Senior Secured Notes due in 2022 (the "9.0% Notes") in compliance with the indenture for the 9.0% Notes pursuant to the Offer described below. The indenture for McClatchy's 9.0% Notes requires it to make a cash offer at par using the after-tax proceeds from the sale to the extent that the proceeds are not reinvested within 365 days of the closing of the transaction.