Business
DHX Media Closes Sale of Building On Bartley Drive
DHX Media Closes Sale of Building On Bartley Drive Canada NewsWire HALIFAX, June...
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[{"type":"text","content":"\n\n\n\nDHX Media Closes Sale of Building On Bartley Drive\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nHALIFAX, June 7, 2019\n\n\n\nHALIFAX, June 7, 2019 /CNW/ - DHX Media (or the \"Company\") (TSX: DHX, NASDAQ: DHXM) has closed the previously announced sale of a building on Bartley Drive, Toronto, for gross proceeds of C$12.0 million. Net proceeds from the sale will be used to pay down debt. The sale is part of the Company's ongoing strategic shift to focus and streamline its operations and reduce leverage.\n\n \n \n\n \nAbout DHX MediaDHX Media Ltd. (TSX: DHX, NASDAQ: DHXM) is a global children's content and brands company, recognized for such high-profile properties as Peanuts, Teletubbies, Strawberry Shortcake, Caillou, Inspector Gadget, and the acclaimed Degrassi franchise. One of the world's foremost producers of children's shows, DHX Media owns the world's largest independent library of children's content, at 13,000 half-hours. It licenses its content to broadcasters and streaming services worldwide and generates royalties through its global consumer products program. Through its subsidiary, WildBrain, DHX Media operates one of the largest networks of children's channels on YouTube. Headquartered in Canada, DHX Media has offices worldwide. Visit us at www.dhxmedia.com.   \nDisclaimerThis press release contains \"forward-looking statements\" under applicable securities laws with respect to DHX Media including, without limitation, statements regarding use of net proceeds from the sale and the business strategies and operational activities of the Company. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties and are based on information currently available to the Company. Actual results or events may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations, among other things, include factor...