NTN Gets Media General Money

Author:
Publish date:

Interactive-gaming provider NTN Communications Inc. has received a $3 million
cash infusion from Media General Inc. in exchange for 2 million shares of NTN
restricted stock.

Media General also has warrants to buy up to 500,000 shares of NTN's Buzztime
Entertainment subsidiary. NTN is developing Buzztime Channel to roll out as an
interactive-gaming channel on cable systems.

Separately, NTN said it licensed intellectual property from Media General's
interactive-media division for $1 million, paid for with 666,667 shares of
restricted NTN stock.

Related