Archive | December, 2011

Light Media Acquires PrayerSpace.com for Peace In Jerusalem

15 Dec

Light Media (PINKSHEETS: LGMH), Inspirational Media Specialist, announced today that, in furtherance of its previously announced PrayerWall.com for Peace In Jerusalem initiative and in recognition of Hanukkah as a Hebrew celebration of the triumph of light over darkness, of purity over adulteration, of spirituality over materiality; and in recognition of Christmas as a Christian celebration of the coming of GOD into the world as man in order to atone for the sins of mankind, that it has acquired http://www.PrayerSpace.com and merged it with http://www.PrayerWall.com. Christmas takes place on Sunday, December 25, 2011; and Hanukkah begins at sunset on Tuesday, December 20, 2011, and ends at sunset on Wednesday, December 28, 2011. Ps. 122:6.

About PrayerWall.com: PrayerWall.com, a subsidiary of PrayerMail.com, is a leading faith-based portal, with a mission to unite the world through the power of Prayer, Faith + Works. Through PrayerMail, users can get Personal PrayerMail (Email Account) to stay in touch with family, friends and loved ones worldwide 24/7 (for example: johndoe (at) prayermail.com). For more information, log on to: http://www.PrayerMail.com, http://www.PrayerWall.com, http://www.PrayerSpace.com. Follow PrayerMail on Twitter @PrayerMail, http://twitter.com/#!/prayermail

About Light Media: Light Media (PINKSHEETS: LGMH), Inspirational Media Specialist, markets, produces and distributes inspirational music, video, video games, print media and entertainment in the Urban Media space through its network of radio, Internet, television, print and special events global business platforms and marketing and alliance partners. Light Media is also the 20th publicly traded radio/media conglomerate (member) of the prestigious RBR-TVBR Media Stocks Index (see full RBR-TVBR Media Index listing at: http://www.rbr.com/radio/stocks-closed-mixed-on-tuesday-11-29-11.html). To listen to Power 105.5/The King, please visit: http://www.Power105TheKing.com. For more information, please visit: http://www.LightMediaHoldings.com, http://www.InvaluableMedia.com or http://www.HotChristianStocks.com. Light Media Capitalization Structure, as of Q4 (2011): Common Shares Issued: 38,273,500; Common Shares Float: 7,050,000; Common Shares Authorized: 100,000,000.

Cautionary Note Regarding Forward-Looking Statements: This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Light Media (PINKSHEETS: LGMH) and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

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Light Media Forms Newspaper Alliance

6 Dec

Light Media (PINKSHEETS: LGMH), Inspirational Media Specialist, announced today that it has formed a strategic marketing alliance between its Power 105.5/The King FM radio station (www.Power105TheKing.com) and local Albany, GA newspaper — “Downtown Albany Area News.” Key terms of the strategic marketing alliance provide generally that: (1) Power 105.5/The King and Downtown Albany Area News will cross-promote and market each other to their respective broadcast and print audiences; (2) Local, Regional and National Advertising Advertisers will be afforded an opportunity to seamlessly enhance their messaging reach, via value-added packages, across strategically-aligned radio, digital and print platforms; and (3) Communityinitiatives will be accelerated via leveraging the power and reach of radio and print media working synergistically to spread the Good News.

“Downtown Albany Area News has excellent editorial content, community positioning and a Publisher/CEO (Eddie Mack) with 18 years of media experience formerly with WOKB-AM (Orlando, Florida). This strategic marketing alliance between Power 105.5/The King and Downtown Albany Area News is a creative way for two independently powerful media platform properties (broadcast and print) to add value for their respective enterprises, audiences, sponsors and the community, without incurring additional operating expense. No man is an island and Light Media (and its subsidiaries) will continue to vigorously seek out visionary strategic media partners, in order to create maximum synergy and win-win opportunities for long-term growth,” said Danny Wilson, CEO of Light Media. Eccl. 4:9-12.

About Light Media:

Light Media (PINKSHEETS: LGMH), Inspirational Media Specialist, markets, produces and distributes inspirational music, video, video games, print media and entertainment in the Urban Media space through its network of radio, Internet, television, print and special events global business platforms and marketing and alliance partners. Light Media is also the 20th publicly-traded radio/media conglomerate (member) of the prestigious RBR-TVBR Media Stocks Index (see full RBR-TVBR Media Index listing at: http://www.rbr.com/media-news/stocks/three-day-winning-streak-snapped-9-28-11.html). To listen to Power 105.5/The King, please visit: www.Power105TheKing.com. For more information, please visit: www.LightMediaHoldings.com; www.InvaluableMedia.com or www.HotChristianStocks.com. Light Media Capitalization Structure, as of Q4 (2011): Common Shares Issued: 38,273,500; Common Shares Float: 7,050,000; Common Shares Authorized: 100,000,000.

Cautionary Note Regarding Forward-Looking Statements: This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Light Media (PINKSHEETS: LGMH) and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

Light Media Holdings pays off debt (RBR-TVBR Media Index)

1 Dec

Posted on RBR-TVBR Media Index: http://www.RBR.com

 

http://www.RBR.com: http://www.rbr.com/radio/light-media-holdings-pays-off-debt.html

Light Media Holdings pays off debt
30 November, 2011 12:02:00
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Tiny Light Media Holdings, the smallest publicly traded broadcaster, proudly announced that it has sold off some non-core holdings and used the proceeds to pay off the promissory note on its flagship radio station. The company says that will be reflected in its Q4 balance sheet.

According to FCC filings reported by RBR-TVBR, Light Media acquired WZBN-FM in the Albany, GA market for $250,000, with payment of $150,000 in cash and the remaining $100,000 in a note. The company says it has paid off the three-year note well ahead of schedule and now owns “Power 105.5/The King” free and clear.

“Light Media has examined extensively every move of Beasley Broadcasting, Radio One and Salem Communications for several years, studying their successes and learning from their mistakes.  Consequently, two key elements of Light Media’s strategic plan have been to: (1) acquire and integrate key radio/media properties; and (2) not suffocate radio/media assets with mountains of constraining secured debt.  As such, Light Media set an objective to quickly pay off the Power 105.5/The King 3-year promissory note balance; and in less than six (6) months following the June 1, 2011 closing of Power 105.5/The King, this zero note balance objective will be reflected in the Light Media 2011 4th Quarter Report,” the company announced on Wednesday (11/30). To pay off the note, Light Media said it divested some real estate and minority ownership stakes in certain digital assets.

“This accomplishment results in Light Media being one of the only publicly-traded conglomerates on the prestigious RBR-TVBR Media Index that owns its platform media assets (radio, TV or digital) free and clear of secured liens,” the announcement proudly proclaimed.

Light Media had recently said it was near a deal on a second FM station, but there’s yet no word on any transaction.

RBR-TVBR observation: This company, which trades on the Pink Sheets, is tiny, but at least its stock is going in the right direction. When we first added it to the RBR-TVBR daily stocks list it was at a nickel per share. It has lately been at eight cents.