Business
DHX Media Enters Into Agreement to Sell Building on Bartley Drive
DHX Media Enters Into Agreement to Sell Building on Bartley Drive Canada NewsWire ...
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[{"type":"text","content":"\n\n\n\nDHX Media Enters Into Agreement to Sell 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, April 2, 2019\n\n\n\nHALIFAX, April 2, 2019 /CNW/ - DHX Media (or the \"Company\") (TSX: DHX, NASDAQ: DHXM), a global children's content and brands company, has entered into an Agreement of Purchase and Sale to sell a building it owns on Bartley Drive, Toronto. The sale is part of the Company's ongoing strategic shift to focus and streamline its operations. Under the terms of the agreement, DHX Media has agreed to sell the facility for total consideration of $12.0 million. The transaction is expected to close on or about June 6, 2019 and is subject to customary closing conditions. Proceeds from the transaction will be used to pay down debt.\n\n \n \n\n \nAbout DHX Media\nDHX 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 completion of the disposition, expected use of proceeds from the disposition 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 ba...