McGraw Hill Launches Transaction to Refinance its Near-Term Debt

Coldwater Creek will be revived – online and in print. CWC Companies, parent company of the women’s apparel retailer, which shut down operations at the end of July, has been acquired by Newtimes Group, one of world’s largest supply providers to the apparel industry. The Hong Kong-based Newtimes said it purchased CWC’s inventory and intellectual property assets from Sycamore Partners for $12.2 million. Newtimes plans to operate the acquired assets as an independent entity under the newly formed Coldwater International and will provide sourcing and back-office support. The company plans to relaunch the Coldwater Creek website in a few weeks and issue a new Coldwater Creek catalogue before the end of the year.

Ski publication Powder magazine is back in print with its Powder 23/24 Photo Annual. Powder provides daily online content, but “one question was seemingly on the mind of nearly every skier: 'When is Powder coming back to print?' writes Matt Lorelli, the lead trending news writer for Powder, on the magazine’s site. The Powder team is “ecstatic to say that Powder, The Skier’s Magazine since 1972, is officially back and ready to be enjoyed once again as founders Jake and Dave Moe intended -- in print,” Lorelli adds.

Fourth Quarter Highlights: Total revenues increased 2.2 percent to $239.5 million, compared with $234.4 million in the prior year period. On a comparable basis1, revenues increased 2.9 percent. EPS was $0.12 per share compared with a loss of $0.17 per share in the prior year period. Adjusted EPS1 was a loss of $0.11 per share compared with a loss of $0.14 per share in the prior year period. EBITDA1, excluding stock-based compensation, was a loss of $2.2 million, compared with a loss of $6.0 million in the prior year period. Adjusted EBITDA1 was a loss of $1.7 million compared with a loss of $2.9 million in the prior year period. Click Read More below for additional detail.