Bright Mountain Media enters into LOI to acquire Wild Sky Media

On May 15, 2020, Bright Mountain Media, Inc (“Company”). entered into a non-binding letter of intent with Centre Lane Credit Partners II, L.P. (“Centre Lane”). pursuant to which we may acquire all of the equity in CL Media Holdings LLC (“Wild Sky”).

The transaction will consist of $15 million in a senior secured term loan, to be funded by Centre Lane, and 2.5 million shares of the Company’s common stock.

Wild Sky, headquartered in New York City with offices in Bangkok offers global reach through hyper-engaging content and multicultural audiences. A top-five parenting group according to ComScore, WildSky’s robust portfolio of parenting websites include, CafeMom, LittleThings, Revelist,, and MamasLatinas.

The closing of the transaction is subject to a number of conditions precedent, including satisfactory due diligence by the Company, the execution of definitive agreements, together with other customary conditions precedent. As our due diligence on Wild Sky continues, no assurance can be given that at this time we will complete this transaction.