Atlantis Communications Inc., a Canadian independent TV producer, completed its initial public offering and secondary offering that raised $ C36 million ($ 27 million) –$ C30 million ($ 22.5 million) of which goes to the company.
The proceeds will be used to increase program development, finance acquisitions and distribution rights and develop or acquire related businesses, the company said.
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Scripps Howard Broadcasting Co. has completed sale of its radio stations in order to concentrate on operating its nine television stations. The company said it sold KUPL-AM and KUPL-FM in Portland, Ore., for $ 23 million to BayCom Oregon , a limited partnership in San Francisco.