B’caster Pegasus has a stock replay

NEW YORK – Broadcaster Pegasus Communications Corp. filed documents with the SEC Tuesday to raise $100 million in preferred stock, just two months after raising $42 million in an initial public offering.

Pegasus, which owns five Fox affiliates, cable systems in Puerto Rico and New England and DirecTV franchise agreements in the Northeast, says it plans to use the money raised from the latest capital-raising to “fund acquisitions” and repay debt. It has about $115 million of debt on its balance sheet.

Pegasus stock went public in early October at $14 a share. It closed Tuesday unchanged at $13.

More Scene

  • 'SORRY TO BOTHER YOU'

    Why 'Sorry to Bother You' Director Boots Riley Thinks His Satirical Comedy Is 'Realistic'

    NEW YORK – Broadcaster Pegasus Communications Corp. filed documents with the SEC Tuesday to raise $100 million in preferred stock, just two months after raising $42 million in an initial public offering. Pegasus, which owns five Fox affiliates, cable systems in Puerto Rico and New England and DirecTV franchise agreements in the Northeast, says it […]

  • Tesse Restaurant Opens on L.A.'s Sunset

    Tesse Restaurant Takes on the Challenge of Making the Sunset Strip Hip Again

    NEW YORK – Broadcaster Pegasus Communications Corp. filed documents with the SEC Tuesday to raise $100 million in preferred stock, just two months after raising $42 million in an initial public offering. Pegasus, which owns five Fox affiliates, cable systems in Puerto Rico and New England and DirecTV franchise agreements in the Northeast, says it […]

  • Tiffany Haddish

    MTV Movie and TV Awards: The 10 Standout Moments

    NEW YORK – Broadcaster Pegasus Communications Corp. filed documents with the SEC Tuesday to raise $100 million in preferred stock, just two months after raising $42 million in an initial public offering. Pegasus, which owns five Fox affiliates, cable systems in Puerto Rico and New England and DirecTV franchise agreements in the Northeast, says it […]

  • Michael B. Jordan

    'Black Panther,' 'Stranger Things' Reign at 2018 MTV Movie and TV Awards (Full List)

    NEW YORK – Broadcaster Pegasus Communications Corp. filed documents with the SEC Tuesday to raise $100 million in preferred stock, just two months after raising $42 million in an initial public offering. Pegasus, which owns five Fox affiliates, cable systems in Puerto Rico and New England and DirecTV franchise agreements in the Northeast, says it […]

  • Brandon Flynn, Timothy Granaderos, Alisha Boe,

    Alisha Boe Says Brock Turner Case Was Her 'Bible' for '13 Reasons Why' Season 2

    NEW YORK – Broadcaster Pegasus Communications Corp. filed documents with the SEC Tuesday to raise $100 million in preferred stock, just two months after raising $42 million in an initial public offering. Pegasus, which owns five Fox affiliates, cable systems in Puerto Rico and New England and DirecTV franchise agreements in the Northeast, says it […]

  • Yara ShahidiMTV Movie & TV Awards,

    Yara Shahidi, Noah Schnapp, More Talk the Dangers of Social Media at MTV Awards

    NEW YORK – Broadcaster Pegasus Communications Corp. filed documents with the SEC Tuesday to raise $100 million in preferred stock, just two months after raising $42 million in an initial public offering. Pegasus, which owns five Fox affiliates, cable systems in Puerto Rico and New England and DirecTV franchise agreements in the Northeast, says it […]

  • A Night in the Writers' Room

    'Vida,' 'One Day at a Time' Showrunners Recount Being Called Racial Slur in Writers' Room

    NEW YORK – Broadcaster Pegasus Communications Corp. filed documents with the SEC Tuesday to raise $100 million in preferred stock, just two months after raising $42 million in an initial public offering. Pegasus, which owns five Fox affiliates, cable systems in Puerto Rico and New England and DirecTV franchise agreements in the Northeast, says it […]

More From Our Brands

Access exclusive content