BRIEF-MediaCo Acquires Estrella Media's Content And Digital Operations-March 2024-www.financetom.com

BRIEF-MediaCo Acquires Estrella Media's Content And Digital Operations

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BRIEF-MediaCo Acquires Estrella Media's Content And Digital Operations

Apr 18, 2024 5:50 AM

April 18 (Reuters) - Mediaco Holding Inc ( MDIA ):

* MEDIACO ACQUIRES ESTRELLA MEDIA'S CONTENT AND DIGITAL

OPERATIONS

* MEDIACO ( MDIA ): ESTRELLA BROADCASTING TO GET WARRANT TO BUY UP TO

28.2

MILLION MEDIACO CLASS SHARES, $60 MILLION NEWLY ISSUED MEDIACO

SERIES B PREFERRED STOCK

* MEDIACO ( MDIA ): ESTRELLA BROADCASTING TO ALSO GET $30 MILLION

SECOND

LIEN TERM NOTE AND ABOUT $30 MILLION IN CASH

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