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CBMJ Reduces Debt 44% by Restructuring AMP News Note - Additional Reductions to Follow Over Next Six Months

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Conservative Broadcast Media & Journalism (CBMJ) has announced a significant debt reduction of approximately 44% through the restructuring of its AMP News note. The company has restructured the remaining $1.89M balance from the original $2.0M note related to the AMP News acquisition of American Media Periscope 's assets.

The restructuring includes: a new $110K note payable over two years, conversion of $175K into 3.5M restricted common shares, a $50K cash payment, and a $100K assignment to a CBMJ investor. The company will record approximately $1.155M as cancellation of indebtedness income in Q1. The remaining $300K will be extinguished or assigned over the next six months.

I Media Broadcast Conservatori e il Giornalismo (CBMJ) hanno annunciato una significativa riduzione del debito di circa il 44% attraverso la ristrutturazione della nota AMP News. L'azienda ha ristrutturato il saldo residuo di 1,89 milioni di dollari rispetto alla nota originale di 2,0 milioni di dollari relativa all'acquisizione da parte di AMP News degli asset di American Media Periscope.

La ristrutturazione include: una nuova nota di 110.000 dollari da pagare in due anni, la conversione di 175.000 dollari in 3,5 milioni di azioni comuni restrittive, un pagamento in contante di 50.000 dollari e un'assegnazione di 100.000 dollari a un investitore di CBMJ. L'azienda registrer脿 circa 1,155 milioni di dollari come reddito da cancellazione di debito nel primo trimestre. I restanti 300.000 dollari saranno estinti o assegnati nei prossimi sei mesi.

Los Medios de Difusi贸n Conservadores y el Periodismo (CBMJ) han anunciado una reducci贸n significativa de la deuda de aproximadamente el 44% a trav茅s de la reestructuraci贸n de su nota AMP News. La empresa ha reestructurado el saldo restante de 1,89 millones de d贸lares de la nota original de 2,0 millones de d贸lares relacionada con la adquisici贸n de activos de American Media Periscope por parte de AMP News.

La reestructuraci贸n incluye: una nueva nota de 110,000 d贸lares pagadera en dos a帽os, la conversi贸n de 175,000 d贸lares en 3,5 millones de acciones comunes restringidas, un pago en efectivo de 50,000 d贸lares y una asignaci贸n de 100,000 d贸lares a un inversor de CBMJ. La empresa registrar谩 aproximadamente 1,155 millones de d贸lares como ingresos por cancelaci贸n de deuda en el primer trimestre. Los restantes 300,000 d贸lares se extinguir谩n o asignar谩n en los pr贸ximos seis meses.

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M茅dias de Diffusion Conservateurs et Journalisme (CBMJ) a annonc茅 une r茅duction significative de la dette d'environ 44 % gr芒ce 脿 la restructuration de sa note AMP News. La soci茅t茅 a restructur茅 le solde restant de 1,89 million de dollars par rapport 脿 la note originale de 2,0 millions de dollars li茅e 脿 l'acquisition par AMP News des actifs d'American Media Periscope.

La restructuration comprend : une nouvelle note de 110 000 dollars payable sur deux ans, la conversion de 175 000 dollars en 3,5 millions d'actions ordinaires restreintes, un paiement en esp猫ces de 50 000 dollars et une attribution de 100 000 dollars 脿 un investisseur de CBMJ. La soci茅t茅 enregistrera environ 1,155 million de dollars comme revenus d'annulation de dettes au premier trimestre. Les 300 000 dollars restants seront 茅teints ou attribu茅s au cours des six prochains mois.

Konservative Rundfunkmedien und Journalismus (CBMJ) haben eine signifikante Reduzierung der Schulden um etwa 44% durch die Umstrukturierung ihrer AMP News-Note angek眉ndigt. Das Unternehmen hat den verbleibenden Saldo von 1,89 Millionen Dollar aus der urspr眉nglichen Note von 2,0 Millionen Dollar, die mit der Akquisition der Verm枚genswerte von American Media Periscope durch AMP News verbunden ist, umstrukturiert.

Die Umstrukturierung umfasst: eine neue Note 眉ber 110.000 Dollar, die 眉ber zwei Jahre zahlbar ist, die Umwandlung von 175.000 Dollar in 3,5 Millionen eingeschr盲nkte Stammaktien, eine Barzahlung von 50.000 Dollar und eine Zuweisung von 100.000 Dollar an einen CBMJ-Investor. Das Unternehmen wird etwa 1,155 Millionen Dollar als Eink眉nfte aus der Schuldenerlassbuchung im ersten Quartal verbuchen. Die verbleibenden 300.000 Dollar werden in den n盲chsten sechs Monaten erloschen oder zugewiesen.

Positive
  • 44% reduction in overall debt
  • Restructuring of $1.89M debt to just $110K in payable notes
  • $1.155M debt cancellation to be recorded as income in Q1
  • Remaining $300K to be extinguished within 6 months
Negative
  • Dilution of shareholder value through issuance of 3.5M new restricted common shares

ATLANTA, GA / / February 19, 2025 / Conservative Broadcast Media & Journalism (OTC PINK:CBMJ) announced that it has reduced its overall debt by approximately 44%. This was accomplished by restructuring the $1.89M balance owed under a $2.0M note from the original purchase by AMP News, Inc., a CBMJ wholly owned subsidiary, of the independent broadcast media, news and entertainment business assets owned by American Media Periscope LLC.

Under the new terms, the remaining $1.89M is replaced by a new note for $110K paid in monthly instalments over two years. In addition, $175K of the prior note is converted into 3.5M restricted common shares, a $50K cash payment was made on the prior note and an assignment of $100K due on the prior note was made to a CMBJ investor.

Approximately $1.155M of the prior note is extinguished and CBMJ will record cancellation of indebtedness income in Q-1 to reflect said transaction.

The remaining $300K remaining under the prior note will be extinguished or assigned over the next 6 months.

Commentating on the transaction, CEO Mark Schaftlein stated the following "This restructuring materially improves the balance sheet of the company.
We are happy to have worked with the founder of American Media Periscope LLC, John Chambers, on this restructuring and for the long-term benefit this brings"

About Patriot.TV: Patriot.TV is a leading media broadcast platform wholly owned by CBMJ dedicated to providing cutting-edge, informative content across television, radio, and online platforms. With a focus on truth, freedom, and empowering narratives, Patriot.TV is at the forefront of shaping the future of media consumption. Visit www.patriot.tv for more information.

About CBMJ: (OTC PINK:CBMJ) Conservative Broadcast Media and Journalism is a media and web-based Patriot Company.

Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters disclosed at www.otcmarkets.com. These risks and uncertainties could cause the company's actual results to differ materially.

Mark Schaftlein
877-704-6773

SOURCE: Conservative Broadcast Media & Journalism, Inc.



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FAQ

How much debt did CBMJ reduce through its February 2025 restructuring?

CBMJ reduced its overall debt by approximately 44% through restructuring the AMP News note.

What are the new terms of CBMJ's restructured AMP News note?

The $1.89M balance was restructured into a $110K note payable over two years, $175K converted to shares, $50K cash payment, and $100K assigned to an investor.

How many new shares will CBMJ issue as part of the debt restructuring?

CBMJ will issue 3.5M restricted common shares as part of converting $175K of the debt.

What is the timeline for CBMJ to extinguish the remaining $300K debt?

CBMJ plans to extinguish or assign the remaining $300K debt over the next six months.

How much debt cancellation income will CBMJ record in Q1 2025?

CBMJ will record approximately $1.155M as cancellation of indebtedness income in Q1 2025.
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