Block Communications, Inc. Presents at 2012 Bank of America Merrill Lynch Leveraged Finance Conference, Dec-04-2012 01:30 PM. Venue: Boca Raton Resort & Club, 501 East Camino Real, Boca Raton, Florida, United States. Speakers: Allan Block, Chairman, Principal Executive Officer and Member of Executive Committee, Jodi L. Miehls, Chief Financial Officer and Principal Accounting Officer.

Block Communications, Inc. announced the results of its previously announced cash tender offer and consent solicitation with respect to its outstanding 8 1/4% senior notes due 2015. The Tender Offer was made upon the terms and conditions of the Offer to Purchase and Consent Solicitation Statement dated January 12, 2012. As previously announced, as of 5:00 p.m. Eastern Time on January 26, 2012, $105,694,000.00 aggregate principal amount of Old Notes had been validly tendered and not withdrawn, which represented approximately 70.46% of the outstanding aggregate principal amount of the Old Notes. On January 26, 2012, the company accepted for purchase and payment all of the Old Notes that were validly tendered at or prior to the Early Tender Deadline. Payment for the Early Tendered Notes was made on January 27, 2012. Holders of Early Tendered Notes received $1,030.00 for each $1,000 principal amount of the Early Tendered Notes validly tendered, which included the consent payment of $10.00 per $1,000 principal amount of Old Notes, plus any accrued and unpaid interest up to, but not including, the Initial Payment Date. Since the Early Tender Deadline, no additional Old Notes have been tendered. As previously announced, the Company will redeem all of the Old Notes that were not tendered under the Tender Offer pursuant to its optional redemption rights under the Old Notes and related indenture.

Block Communications, Inc. announced that as of January 27, 2012, it has consummated its private placement offering of $250 million aggregate principal amount of its 7 1/4% senior notes due 2020 and the early settlement of its previously announced cash tender offer and consent solicitation with respect to its outstanding 8 1/4% senior notes due 2015. The Company used a portion of the net proceeds from the sale of the new notes to fund the payment of consideration and costs relating to the tender offer. As of January 26, 2012, $105,694,000.00 aggregate principal amount of Old Notes had been validly tendered and not withdrawn, which represented approximately 70.46% of the outstanding aggregate principal amount of the old notes. On January 26, 2012, the Company accepted for purchase and payment all of the old notes that were validly tendered at or prior to the early tender deadline. Payment for the old notes pursuant to the early settlement was made on January 27, 2012. Holders of old notes who tendered their old notes at or prior to the early tender deadline received $1,030.00 for each $1,000 principal amount of the old notes validly tendered, which included the consent payment of $10.00 per $1,000 principal amount of old notes, plus any accrued and unpaid interest up to, but not including, the initial payment date. The Company intends to redeem the old notes that are not tendered under the tender offer pursuant to its optional redemption rights under the old notes and related indenture. This redemption will be funded by a portion of the net proceeds from the sale of the new notes.