Hearst-Argyle redeeming its debs


Hearst-Argyle Television has notified the trustee that it will redeem its 7.5% convertible junior subordinated deferrable interest debentures, series B, due 2021 (we’re not kidding, the issue name really is that long). Hearst-Argyle will redeem the debs at a price of $51 per $50 principal amount. The series B debentures were issued in 2001 in a total amount of $134,020,640.