CTM Media Holdings, Inc. Commences Issuer Tender Offer

CTM Media Holdings, Inc. (OTC Pink Markets: CTMMA, CTMMB) today announced it has commenced a tender offer to purchase up to thirty percent of its outstanding common stock. CTM Media Holdings is offering to purchase shares of its Class A common stock and Class B common stock, or any combination thereof, up to an aggregate […]

CTM Media Holdings, Inc. to Commence Issuer Tender Offer

STAMFORD, Conn.–(BUSINESS WIRE)–CTM Media Holdings, Inc. (OTC Pink Markets: CTMMA, CTMMB) today announced its intention to commence a tender offer to purchase up to thirty percent of its outstanding common stock. CTM Media Holdings intends to offer to purchase shares of its Class A common stock and Class B common stock representing up to thirty […]

IDT Corporation Announces CTM Media Holdings Spin-Off Date

NEWARK, N.J.–(BUSINESS WIRE)–IDT Corporation (NYSE: IDT; IDT.C) today announced that September 14, 2009 will be the distribution date for the pro rata tax-free spin-off of the common shares of CTM Media Holdings, Inc., a wholly-owned subsidiary of IDT, to IDT’s stockholders. The registration statement filed under the Securities Exchange Act of 1934 became effective on […]

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Letter to CTM Media Holdings Stockholders

Dear CTM Media Holdings Stockholder: It is my pleasure to welcome you as a stockholder of our newly independent company, CTM Media Holdings, Inc. All of us at CTM Media Holdings look forward to becoming an independent company. Our management team and our employees have worked hard over the years to make the businesses that […]

Letter to IDT Corporation Stockholders

Dear IDT Corporation Stockholder: We are pleased to inform you that the Board of Directors of IDT Corporation (“IDT”) has approved the spin-off of CTM Media Holdings, Inc. (“Holdings”), a wholly-owned subsidiary of IDT, to IDT’s stockholders. Following the spin-off, IDT’s business will consist of IDT Telecom, IDT Energy and IDT’s alternative energy initiatives, as […]