On Friday, in the course of current trade, Shares of Interpublic Group of Companies Inc (NYSE:IPG), dropped -0.39%, and is now trading at $20.44.
Interpublic Group of Companies, declared that Lynn Fantom, Chairman & CEO of the agency since its inception in 2002, will retire, effective June 1. Amy Armstrong, who most recently served as EVP, Managing Director of ID Media’s Los Angeles office, will be elevated to lead the agency as President.
Fantom’s retirement comes after a 40-year career spanning data-driven marketing, web services, and media. She began as a secretary and rose through the ranks as a working mother to become President of the New York office of Draft (now FCB) and CEO of three different agencies, Lowe Direct, K2 Digital, and ID Media.
The Interpublic Group of Companies, Inc. provides advertising and marketing services. The company operates in two segments, Integrated Agency Networks and Constituency Administration Group.
During an Afternoon trade, Shares of Time Warner Inc (NYSE:TWX), dipped -0.40%, and is now trading at $ 84.44.
Time Warner, declared that it has priced a $1.5 billion underwritten public offering of 3.60% senior notes due 2025 at a price equal to 99.760% of their face amount and a $600 million underwritten public offering of 4.85% debentures due 2045 at a price equal to 99.929% of their face amount. The net proceeds from the issuance of the notes and debentures will be used for general corporate purposes, counting share repurchases and the retirement at maturity of Time Warner’s outstanding 3.15% Notes due 2015. The sale of the notes and debentures is predictable to close on June 4, 2015.
The notes and debentures will be issued by Time Warner and guaranteed by Historic TW Inc. In addition, Home Box Office, Inc. and Turner Broadcasting System, Inc. will guarantee the obligations of Historic TW Inc. under its guarantee. The guarantee structure for the notes and debentures will be the same as the structure for the notes and debentures Time Warner has issued since 2010.
Time Warner Inc. operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros.
Shares of Tribune Publishing Co (NYSE:TPUB), during its Friday’s current trading session climbed 1.42%, and is now trading at $ 14.99.
Tribune Publishing, declared that it has accomplished the acquisition of MLIM, LLC, owner of The San Diego Union-Tribune, in addition to nine community weeklies and related digital properties in San Diego County. The purchase price was $85 million plus the assumption of obligations for a single-employer pension plan. At closing, Tribune Publishing paid $71 million in cash, after working capital adjustments, and issued $12 million in Tribune Publishing common stock.
The San Diego Union-Tribune has garnered four Pulitzer Prizes and has a 146-year history of providing daily news and information in San Diego, the second-largest city in California and the eighth largest in the United States. In conjunction with the acquisition and expansion, Tribune Publishing formed the California News Group to oversee operations in Los Angeles and San Diego.
Tribune Publishing Company, a multiplatform media and marketing solutions company, publishes and operates newspapers for audiences and advertisers.
Finally, Eldorado Gold Corp (USA)(NYSE:EGO), lost -0.21% Friday, hitting its highest level.
Eldorado Gold Corporation, is happy to declare the completion of the Feasibility Study with its’ partner, Deva Gold S.A., for the 80.5%-owned Certej project in Romania. The Study was led by an internal team with technical support offered by various Canadian and Romanian consultants. The Certej project is located in the southern part of the Apuseni Mountains in central Romania, about 12 kilometers north-east of the regional town of Deva in Hunedoara County.
“The positive results of this study form the basis for Eldorado, together with our Romanian partners, to develop the Certej mine. Noteworthy detailed engineering design and cost estimating provides for a high degree of confidence in the capital estimate and projected operating performance of the Certej project,” stated Paul N. Wright, Chief Executive Officer of Eldorado Gold.
Eldorado Gold Corporation, together with its auxiliaries, engages in the exploration, discovery, development, production, and reclamation of gold properties, primarily in Brazil, China, Greece, Turkey, and Romania.
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