$LGMH .10 NewsLight Media Divests Ownership Stake
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$LGMH .10 News Light Media Divests Ownership Stake In ChristianCapitalFund.com
ATLANTA and NEW YORK, May 7, 2012 /PRNewswire via COMTEX/ -- Light Media (OTC Markets: LGMH ), Inspirational Media Specialist, announced today that it has entered into an agreement for the strategic divestiture of a minority ownership stake in the following non-core Light Media Network digital asset: ChristianCapitalFund.com.
"Light Media owns 88 premium web-properties. 90% of Light Media's web-properties were acquired prior to becoming a publicly-traded company. ChristianCapitalFund.com ("CCF") was acquired in 2006, after researching and discovering that there were "zero" investment/venture capital funds specifically for supporting and advancing inspirational products, services and ideas. As such, the original idea was that Light Media would be a catalyst for this space and use CCF as a vehicle to spur investment activity into the estimated $9 Billion inspirational media and entertainment space.
Light Media will continue to strategically right-size and fully/partially divest of any digital real estate that is not central to the Light Media Network or of significance to operating as the 20th publicly-traded radio/multi-media conglomerate in the United States. Divestitures will enable reinvestment in multi-media synergy, mergers and acquisitions," said Danny Wilson, CEO, Light Media.
About Christian Capital Fund: Christian Capital Fund has the mission to help entrepreneurs, small businesses and ministries source capital for projects, ideas and opportunities which edify lives, uplift the community, spread the Good News and advance the common good. For More information, please visit: www.ChristianCapitalFund.com .
About Light Media: Light Media (OTC Markets: LGMH), Inspirational Media Specialist, markets, produces and distributes inspirational music, video, video games, print media and entertainment in the Urban Media space through its network of radio, Internet, television, print and special events global business platforms and marketing and alliance partners. Light Media is also the 20th publicly-traded radio/media conglomerate (member) of the prestigious RBR-TVBR Stocks Index (see full RBR-TVBR Media Index listing at: www.RBR.com . To listen to Power 105.5/The King, please visit: www.Power105TheKing.com . For more information, please visit: www.LightMediaHoldings.com ; www.InvaluableMedia.com or www.HotChristianStocks.com .
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