Gannett plans to eliminate 1,000 positions from its local newspapers around the U.S. because of declining advertising and circulation revenue, and may cut more if those conditions persist.
John Dorfman's prescription for a portfolio: A pharmaceutical, a defense contractor, a media company, and a technology stock.
Following are the day’s biggest winners and losers. Find out why shares of Charles Schwab and UPS popped while Chicago Bridge & Iron and Gannett dropped.
There's yet more news of trouble in the publishing business. This morning Gannett reported a 36 percent drop in second-quarter earnings on 10 percent lower ad revenues at its newspapers including USA Today.
Oil's move could be a key trend in Wednesday's markets, as traders watch more Fed testimony, a bunch of earnings reports and another helping of inflation data.
Newspapers are breaking records -- and it's not a good thing. A double-digit drop in newspaper ad revenue, the third consecutive year of declines, and record margin contraction makes this the industry's worst year ever. The newspaper industry's ad revenue is down 12 percent this year, on top of last year's already dismal 8 percent drop.
Following are the day’s biggest winners and losers. Find out why shares of Coach and Broadcom popped while Gannett and XTO Energy dropped.
Cramer makes the call on viewers' favorite stocks.
Needless to say, the newspaper business is struggling with declining ad revenues and circulation. Just look at the stock charts for the New York Times Company or Gannett. The big challenge for all these companies---including Tribune, now controlled by billionaire Sam Zell and Dow Jones, now owned by the Wall Street Journal, is growing the business of newspapers...
The story lines are unabashedly goofy. Cavemen invent the wheel to transport a beer cooler made of stone, and a car buyer enlists the help of a tribal warrior in case he needs some extra negotiating leverage at the dealership.
Recession fears are sparking concerns about the media sector. Both Goldman Sachs and Sanford Bernstein issued negative notes Wednesday. Is there a trade?
U.S. newspaper publishers limped through their first week of earnings without offering any signs of when a slump in advertising revenue, exacerbated by the poor housing market, may end.
Media empire builder Rupert Murdoch covets Dow Jones for its editorial content and clout rather than any extra dollars the acquisition would add to News Corp.'s bottom line, CNBC's Julia Boorstin reports.
Gannett is not for sale, CEO Craig Dubow said in a memorandum to employees, shooting down rampant speculation that the biggest U.S. newspaper publisher is preparing for a change of control.
Media conglomerate Tribune Co. said the sale of a pair of Connecticut newspapers to Gannett has been called off because of an arbitrator's ruling that would have required Gannett to honor an existing labor agreement.
An increasing number of employers are offering flexible-work arrangements as a way of attracting and retaining top talent. The trend is being aided by technology and driven by shifting demographics and a more global economy.
The board of directors of Dow Jones has decided to take no action on the $5 billion proposal from News Corp. , after a representative of the Bancroft family informed the board that they would vote shares constituting about 52% of voting power against the $60-a-share offer.
The Bancroft family is opposing News Corp.'s unsolicited bid of $60 a share, or about $5 billion, for Dow Jones, owner of the Wall Street Journal. A representative of the Bancroft family said that members and trusts representing slightly more than 50% of the voting shares will vote against the News Corp. offer.
The market may not bat an eyelash at deals worth $5 billion these days, but News Corp.’s offer of $60 a share for Dow Jones is a “game changer,” said Erin Burnett during her daily chat with Jim Cramer. But will it go through? Cramer thinks so.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.