Hollywood Media extends maturity on $7 million in 8% notes

By Sheri Kasprzak

New York, March 16 - Hollywood Media Corp. said it has received an extension on the maturity of $7 million in 8% senior unsecured notes.

The notes will now mature on May 23, 2007, moved back from Nov. 23, 2006.

For the extension, the investors received warrants for 100,000 shares, exercisable at $4.29 each.

The notes were issued on Nov. 23 to a group of institutional investors.

Based in Boca Raton, Fla., Hollywood Media provides entertainment-related content to businesses in the internet, media and entertainment sector.

On Thursday, the company's stock lost 3 cents to end at $4.79 (Nasdaq: HOLL).

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