Reno, Nevada – March 17, 2014 – CIBL, Inc. (Pink Sheets: CIBY)(“CIBL” or the “Company”) The acquisition by Nexstar Broadcasting, Inc. of television stations WOI and WHBF, in which CIBL had held interests, has closed. The Federal Communications Commission approved the acquisitions on March 5, 2014. Prior to these transactions, the two broadcast properties were licensed and operated by Capital Communications Company, Inc. and Coronet Communications Company, respectively, in which the Company held minority interests. The stations primarily serve Iowa markets.
This release contains certain forward-looking information 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, including without limitation anticipated corporate transactions. It should be recognized that such information may be based upon certain assumptions, projections and forecasts regarding, among other things, business conditions and financial markets, and must be read in conjunction with the cautionary statements set forth in documents filed by CIBL on its website, www.ciblinc.com. As a result, there can be no assurance that any possible transactions will be accomplished, and such information is subject to uncertainties, risks and inaccuracies, which could be material.
CIBL is a holding company with subsidiaries in television broadcasting. CIBL is listed on the Pink Sheets© under the symbol CIBY. CIBL’s telephone number is (775) 664-3700.
Contact: Robert E. Dolan