Edition:
United Kingdom

Social Reality Says On Dec 4, Co Entered Into Settlement Agreement With tronc Inc And Tribune Content Agency LLC


Friday, 8 Dec 2017 

Dec 8 (Reuters) - Social Reality Inc ::SOCIAL REALITY INC - ON DEC 4, CO ENTERED INTO A SETTLEMENT AGREEMENT WITH TRONC INC AND TRIBUNE CONTENT AGENCY LLC - SEC FILING.SOCIAL REALITY - PURSUANT TO SETTLEMENT AGREEMENT, NEITHER PARTY ADMITTED ANY FAULT OR LIABILITY & PARTIES ENTERED INTO MUTUAL RELEASE RESOLVING MATTER.SOCIAL REALITY - TRONC AGREED TO PAY CO$2.25 MILLION REPRESENTING AMOUNTS OWED FOR ADVERTISEMENTS PLACED BY CO AS WELL AS ACCRUED INTEREST & RELATED COSTS.SOCIAL REALITY - TRONC AGREED TO PROVIDE CO WITH $300,000 IN MEDIA SPREAD OVER CONSECUTIVE 12 MONTH PERIOD.