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Firm with ties to Flynt to buy New Frontier Media

By Washington Examiner
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BOULDER, Colo. (AP) — An affiliate of a company founded by Hustler magazine publisher Larry Flynt is acquiring New Frontier Media Inc. for about $33 million cash.

Boulder, Colo.-based New Frontier says LFP Broadcasting LLC has agreed to pay $2.02 per share, plus up to 6 cents more per share if New Frontier maintains a cash balance above about $11.5 million.

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