May 23, 2017 5:28 PM ET


Company Overview of Scout Media Holdings, Inc.

Company Overview

Scout Media Holdings, Inc., along with its subsidiaries, operates lifestyle membership organizations in the United States. The company publishes various magazines, which provides information in the areas of hunting trips; home improvement, remodeling, landscaping, and woodworking projects for home enthusiasts; and fishing tactics, tips, techniques, and products. Its magazines also present information, news, insights, access, and member interaction; information for practical techniques and equipment, inspirational design, and outdoor living ideas; recipes, photography, and quick-to-master techniques; and tips on entertaining and information on new cooking products. The company offers its serv...

1270 Avenue of the Americas

New York, NY 10020

United States

Founded in 1978

Key Executives for Scout Media Holdings, Inc.

Director and Chief Executive Officer
Age: 50
Executive Director
Age: 59
Compensation as of Fiscal Year 2016.

Scout Media Holdings, Inc. Key Developments

Motion for Asset Sale Approved for Scout Media, Inc.

The US Bankruptcy Court gave an order approving the sale of substantially all the assets of Scout Media, Inc. on February 7, 2017. The debtor has been authorized to sell substantially all its assets to CBS 247 Inc., the stalking horse bidder for a purchase price of $2.5 million in cash. The debtor did not receive any other competing bids for the purchase of its assets and therefore CBS 247 Inc. emerged as the winning bidder.

Bidding Procedure Approved for Scout Media, Inc.

The US Bankruptcy Court gave an order approving the amended bidding procedures relating to the sale of substantially all the assets of Scout Media, Inc. on January 26, 2017. The Court approved the asset purchase agreement between the debtor and CBS 247 Inc., the stalking horse bidder, for the sale of substantially all its assets for a purchase price of $9.5 million in cash. To qualify as a qualified bidder, interested parties should submit their bids by January 25, 2017. The initial minimum overbid should be at least $0.10 million more than the initial purchase price. The debtor has scheduled an auction on January 27, 2017. The stalking horse bidder would be entitled to a break-up fee of $0.29 million and expense reimbursement of $0.10 million in case of termination of the asset purchase agreement. The sale hearing is scheduled for February 1, 2017.

Final DIP Financing Approved for Scout Media, Inc.

The US Bankruptcy Court gave an order to Scout Media, Inc. to obtain DIP financing on a final basis on January 18, 2017. As per the order, the debtor has been authorized to obtain a revolving credit facility in the amount of $4.35 million from Multiplier Capital, LP. The DIP loan would carry an interest rate of 13% p.a. As per the terms of the DIP agreement, the loan carries application fees of $0.07 million and origination fees of $0.26 million. The DIP facility would mature either on February 6, 2017 or on the date of consummation of the sale of substantially all assets, whichever is earlier. Adequate protection would be provided to the DIP lenders in the form of super-priority administrative expense claims which is subject to a carve-out of $0.05 million towards unpaid professional fees and first priority lien upon and security interest in the debtor’s collateral.

Similar Private Companies By Industry

Company Name Region
"It" Girl Public Relations United States
+SmithGifford, Inc. United States
.TV Technologies, Inc. United States
@International Services, Inc. United States
1 Chronicles 14, L.P. United States

Recent Private Companies Transactions

January 12, 2017
Scout Media, Inc.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Scout Media Holdings, Inc., please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at