Tuesday, March 01, 2005

Unfortunately, the item I ran earlier in The Turner Report about the change of 103.5 from an oldies format to country apparently took place today.
Apparently, some radio executives believe that the only kind of radio stations needed in this area are ones that play country music.
Liberty Group Publishing, owner of The Carthage Press, Neosho Daily News, Neosho Post, and The Big Nickel announced Monday that it had entered into a $330 million credit agreement with a financial syndicate led by Wells Fargo.
Of course, readers of The Turner Report knew several weeks ago that was going to happen.
A company news release said Liberty initially borrowed $4 million principal amount of revolving credit loans and $100 million principal amount of the term Loan B. Part of that money was used to pay off the company's existing debt.
Before Wells Fargo agreed to the refinancing arrangement, Liberty had been looking to sell, but its enormous debt was a detriment. The new credit arrangement will give Liberty seven years to reduce its debt and to increase its cash flow.
Leggett & Platt, the Carthage-based Fortune 500 company, will be featured at the Raymond James 26th annual Institutional Investors Conference in Orlando, Fla., Monday, March 7, according to PR Newswire.
Chairman of the Board and CEO Felix E. Wright will speak to the investment community at 7:40 a.m. central time.
The Federated-May merger announced Monday may affect many shopping mall companies adversely, but not CBL & Associates, owners of Northpark Mall in Joplin, according to today's Los Angeles Times.
Only one percent of CBL malls have both stores, the article said.

1 comment:

Anonymous said...

I just wondered if anybody informed you of La-Z-Boy decision to not give cost of living raise this year. I have posted this at Neosho Forums, I can give you more info if you wish. my e-mail is KJLinehan@msn.com