|Bid||0.01 x 100|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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.
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Rating (PDR) at Caa1-PD, and individual security ratings for the 2022 maturing First Lien Senior Secured Debt (to be withdrawn at repayment) at B1 and for 2027 and 2029 maturing Unsecured Notes issued by Knight Ridder, Inc. and assumed by McClatchy at Caa2.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.
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...
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.
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 ...
MNI Spólka Akcyjna (WSE:MNI) is a small-cap stock with a market capitalization of ZŁ2.45M. While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, theyRead More...
In this article, I will take a look at MNI Spólka Akcyjna’s (WSE:MNI) most recent earnings update (30 September 2017) and compare these latest figures against its performance over theRead More...
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.
On a per-share basis, the Sacramento, California-based company said it had profit of $7.80. Earnings, adjusted for one-time gains and costs, were 40 cents per share. The media company and owner of The ...
The McClatchy Company (AMEX:MNI), a media company based in United States, saw significant share price volatility over the past couple of months on the AMEX, rising to the highs ofRead More...
Zacks Industry Outlook Highlights: McClatchy, Gannett, New York Times and New Media Investment Group