Media and Publishing

Search documents
AS Ekspress Grupp refinances bonds
Globenewswire· 2025-07-03 07:00
Group 1 - AS Ekspress Grupp and AS SEB Pank signed a loan contract to refinance EUR 5 million bonds from LHV pension funds, with a new loan deadline of 2 July 2030 [1] - The refinancing will reduce Ekspress Grupp's annual interest expenses by approximately EUR 150 thousand, while annual loan service will increase by around EUR 340 thousand [1] - The refinancing will lower the average interest rate of Ekspress Grupp's financial liabilities, allowing the company to decrease overall indebtedness and prepare for potential acquisitions and economic challenges [2] Group 2 - AS Ekspress Grupp is the leading Baltic media group, involved in web media content production, publishing newspapers, magazines, and books [2] - The Group operates an electronic ticket sales platform and ticket sales offices in Latvia and Estonia, and provides digital outdoor screen services in both countries [2] - Established in 1989, Ekspress Grupp employs about 1,000 people [2]
Changes to the Agenda and Draft Resolutions of the Annual General Meeting of AS Ekspress Grupp on 23 May 2025
Globenewswire· 2025-05-14 06:00
Core Points - AS Ekspress Grupp is convening its Annual General Meeting on 23 May 2025, with an amended agenda due to the resignation of the Chairman of the Supervisory Board [1][2] - Shareholders have submitted additional draft resolutions regarding the election, remuneration, and recall of Supervisory Board members [1][2] Agenda Items - Approval of the 2024 annual report for the financial year from 1 January 2024 to 31 December 2024 [3] - Approval of the profit distribution proposal for 2024, distributing EUR 3.25 million, with dividends of 6 euro cents per share, payable on 12 June 2025 [4][9] - Election of Mr. Ülar Maapalu and Mr. Argo Virkebau as members of the Supervisory Board for a five-year term until 23 May 2030 [5] - Setting the monthly fee for Supervisory Board members at EUR 2000 (gross) and for the Chairman at EUR 4500 (gross) [6] - Recall of Triin Hertmann and Hans Luik from the Supervisory Board [10] Comments and Strategic Insights - Hans H. Luik, the founder and majority shareholder, emphasized the need for media companies to negotiate rights agreements with major international players due to emerging opportunities in content distribution [8] - Luik expressed gratitude to outgoing Chairman Priit Rohumaa and member Triin Hertmann for their contributions [12] - AS Ekspress Grupp is a leading Baltic media group involved in web media content production, publishing, and ticket sales, employing nearly 1,100 people [12]
Change in the Supervisory Board of AS Ekspress Grupp
Globenewswire· 2025-05-08 07:48
Group 1 - The Chairman of the Supervisory Board of AS Ekspress Grupp, Priit Rohumaa, has resigned from his positions on the Supervisory Board and Audit Committee [1] - The Supervisory Board will continue with three members: Hans H. Luik, Sami Seppänen, and Triin Hertmann [1] - A new Chairman of the Supervisory Board and a member of the Audit Committee will be elected at the next ordinary board meeting [1] Group 2 - AS Ekspress Grupp is the leading media group in the Baltic region, focusing on web media content production, and publishing newspapers, magazines, and books [1] - The Group operates an electronic ticket sales platform and ticket sales offices, and provides outdoor screen services in Estonia and Latvia [1] - AS Ekspress Grupp was established in 1989 and currently employs nearly 1,100 people [1]
Delfi Lithuania changes company structure
Globenewswire· 2025-05-07 06:00
Group 1 - UAB Delfi, a subsidiary of AS Ekspress Grupp, is finalising an acquisition agreement to merge with UAB Kenton Baltic, which focuses on conference organization [1] - The restructuring aims to improve management efficiency and transparency [1] - The merger will not affect the consolidated profit, assets, or liabilities of AS Ekspress Grupp [1] Group 2 - AS Ekspress Grupp is the leading media group in the Baltic region, involved in web media content production, and publishing newspapers, magazines, and books [1] - The group also operates an electronic ticket sales platform and ticket sales offices, and provides outdoor screen services in Estonia and Latvia [1] - Established in 1989, AS Ekspress Grupp employs nearly 1,100 people [1]
AS Ekspress Grupp: Consolidated unaudited interim report for Q1 of 2025
Globenewswire· 2025-04-30 05:00
Core Viewpoint - AS Ekspress Grupp experienced a 5% year-over-year increase in revenue for Q1 2025, reaching EUR 17.0 million, but faced a significant decline in EBITDA and net profit due to a challenging economic environment in the Baltic States [1][2][5]. Revenue - The revenue for Q1 2025 was EUR 17.0 million, up 5% from EUR 16.2 million in Q1 2024, primarily driven by digital subscription revenue and increased volumes in ticket platforms and digital outdoor screens [2][7]. - Digital revenue accounted for 84% of total revenue, maintaining the same percentage as the previous year, with a 5% increase in digital revenue [8][17]. - Ticket sales platforms saw a 10% increase in revenue, while outdoor screen revenue grew by 19% due to network expansion and higher average prices [4][17]. Profitability - EBITDA for Q1 2025 was EUR 0.2 million, a decrease of 45% from EUR 0.4 million in Q1 2024, resulting in an EBITDA margin of 1.4% [10][11]. - The net loss for Q1 2025 was EUR 1.6 million, a 31% increase compared to EUR 1.2 million in the same period last year, influenced by higher depreciation costs and a decline in advertising revenue [5][11]. Expenses - Operating expenses rose to EUR 16.9 million in Q1 2025, a 6% increase from EUR 15.9 million in Q1 2024, with labor costs being the largest contributor, increasing by 3% [9][10]. Cash Position - As of March 31, 2025, the Group had EUR 8.4 million in cash, slightly down from EUR 8.8 million a year earlier, and a net debt of EUR 20.0 million, up from EUR 16.8 million [6][12]. - The Management Board proposed a dividend of 6 euro cents per share, totaling EUR 1.86 million, to be voted on at the upcoming shareholders' meeting [16]. Strategic Goals - The Group aims to increase its digital subscriptions to at least 340,000 by 2026, having added over 25,000 new digital subscriptions in the past year, marking a 12% increase [3].
Notice on convening an Annual General Meeting of Shareholders
Globenewswire· 2025-04-29 06:00
Core Points - The Annual General Meeting of Shareholders for AS Ekspress Grupp is scheduled for 23 May 2025 at 10:00 in Tallinn [1] - Shareholders can vote electronically before the Meeting to promote sustainability [2][3] Agenda Items - Approval of the 2024 annual report for the financial year from 1 January 2024 to 31 December 2024 [5] - Approval of the profit distribution proposal for 2024, which includes distributing EUR 3.25 million, with dividends of EUR 0.06 per share totaling EUR 1.86 million [6][10] - Extension of the mandate of Supervisory Board member Priit Rohumaa for five years [7] - Election of Mr. Ülar Maapalu as a member of the Supervisory Board for five years [8] - Increase in monthly remuneration for Supervisory Board members, including Priit Rohumaa and Sami Jussi Petteri Seppänen [11] - Recall of Triin Hertmann from the Supervisory Board [12] Shareholder Rights - Shareholders representing at least 1/20 of the share capital can present draft resolutions or request additional agenda items [15][16] - Shareholders are entitled to receive information on the activities of AS Ekspress Grupp from the Management Board [14] Company Overview - AS Ekspress Grupp is a leading Baltic media group involved in online media content production, publishing, electronic ticket sales, and event organization [19]
UPDATE - Joe Pags Launches New Podcast with Salem Media Group: "Unshaken and Unafraid."
Newsfilter· 2025-04-24 18:00
Core Points - Salem Media Group, Inc. announces the launch of a new podcast "Unshaken and Unafraid" hosted by Joe Pags, featuring three episodes per week [1] - The podcast represents a significant advancement in Salem Media's goal to provide trusted conservative content across various platforms [2][6] - Joe Pags is recognized for his bold commentary and has previously conducted exclusive interviews with high-profile figures, including President Donald J. Trump [2][5] Company Overview - Salem Media Group is a leading multimedia company in America, focusing on Christian and conservative content through radio, digital media, and publishing [7] - The company serves millions of dedicated listeners, readers, and viewers daily, providing a range of audio and video programming, text content, and commentary [7]
UPDATE - Joe Pags Launches New Podcast with Salem Media Group: “Unshaken and Unafraid.”
Globenewswire· 2025-04-24 18:00
Group 1 - Salem Media Group, Inc. announces the launch of a new podcast "Unshaken and Unafraid" hosted by Joe Pags, featuring three episodes per week [1][2] - The podcast represents a significant step in Salem Media's mission to provide trusted conservative content across various platforms [2][6] - Joe Pags is recognized for his bold commentary and has a history of interviewing high-profile figures, including President Donald J. Trump [2][5] Group 2 - The podcast aims to deliver exclusive interviews and insights into stories often overlooked by mainstream media [6] - Joe Pags emphasizes that the podcast is a platform for genuine discussion in a media landscape filled with propaganda [6] - Salem Media Group is a leading multimedia company focused on Christian and conservative content, serving millions of dedicated listeners and viewers [7][8]
Joe Pags Launches New Podcast with Salem Media Group: "Unshaken and Unafraid."
Newsfilter· 2025-04-22 12:00
Core Insights - Salem Media Group, Inc. is launching a new podcast titled "Unshaken and Unafraid" hosted by Joe Pags, featuring three episodes per week [1][2] - The podcast aims to provide a platform for conservative voices and tackle stories often overlooked by mainstream media [5][6] - Joe Pags is recognized for his bold commentary and has a history of interviewing high-profile figures, including President Donald J. Trump [2][6] Company Overview - Salem Media Group is a leading multimedia company in the U.S. specializing in Christian and conservative content, with a diverse portfolio including radio, digital media, and publishing [7] - The company serves millions of dedicated listeners, readers, and viewers daily, focusing on compelling audio and video programming [7] Podcast Features - "Unshaken and Unafraid" will include exclusive interviews, bold commentary, and insights into underreported stories [6] - The podcast is positioned as a response to perceived censorship and aims to amplify conservative perspectives [5][6]