Coghill Capital Management Has New Stake in Hollywood Media Corp., Parent of Broadway.com

News   Coghill Capital Management Has New Stake in Hollywood Media Corp., Parent of Broadway.com
 
Dow Jones Newswires reports that Coghill Capital Management LLC now owns 10.6 percent of Hollywood Media Corp. (Nasdaq: HOLL), the parent company to Broadway.com.

Coghill is currently in discussions with Hollywood Media about the future of the latter company, which provides "news, information and ticketing via a network of media businesses covering the entertainment and media industries." According to a filing with the Securities and Exchange Commission, Coghill currently owns 3.37 million shares of Hollywood Media. Hollywood Media stock is trading near its 12-month low, currently at $3.25 per share. The company posted losses of $7.684 million over the first three quarters of 2007.

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