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 […]