This media company has "Warren Buffett's kind of community newspapers," said Smead Capital Management's Bill Smead, who also likes an insurer and a biotech company.» Read More
NEW YORK, March 18- Google Inc has settled a landmark copyright lawsuit in which Viacom Inc accused the Internet search company of posting its programs on the YouTube video service without permission.
A look at Tuesday's midday movers:
Feb 4- Gannett Co, which owns the largest newspaper chain in the United States, reported lower quarterly revenue and profit on Tuesday but said its television revenues were expected to jump 100 percent this quarter following its acquisition of Belo.
Feb 4- Gannett Co reported lower quarterly revenue and profit on Tuesday as advertising at its newspapers and broadcast television stations fell. Gannett rolled out a digital pay model last year that helped boost subscription revenue. During the 2012 fourth quarter, Gannett benefited from a windfall in political advertising.
Weak U.S. manufacturing data sent stocks into a tailspin and signaled to some that the correction in stocks could be deeper than expected.
In his new book, "Get Rich Carefully," CNBC's Mad Money host Jim Cramer tells how to find value stocks in hot industry, tech and service sectors.
Talking Squawk, the "Squawk Box" blog, provides tidbits, insights and sarcastic reflections on the WEEK THAT WAS and the WEEK TO COME.
Dec 23- Media company Meredith Corp said it would buy three television stations from Gannett Co Inc and Sander Media for $407.5 million to expand its broadcast revenue and footprint.
WASHINGTON, Dec 17- The U.S. Federal Communications Commission has withdrawn a proposal to relax the ban on owning several media outlets in the same media market, an FCC official said on Tuesday. More than a year ago, the previous FCC chairman, Julius Genachowski, circulated a proposal that would have eliminated those restrictions.
WASHINGTON, Dec 16- Gannett Co Inc can move ahead with its purchase of Belo Corp as long as the deal does not include KMOV-TV, a St. Louis television station, antitrust enforcers at the U.S. Justice Department said on Monday. Gannett agreed to buy Belo for $1.5 billion in June in a move that will nearly double Gannett's broadcast holdings to 43 stations.
WASHINGTON, Dec 16- Gannett Co Inc can move ahead with its purchase of Belo Corp as long as the deal does not include KMOV-TV, a television station in St. Louis, antitrust enforcers at the U.S. Justice Department said on Monday.
Gannett Co, the parent company of the nationally distributed newspaper, announced on Wednesday that it planned to include pages of USA Today in 35 of its local community papers after a fall test proved successful.
Nov 20- Broadcaster Gray Television Inc and Excalibur Broadcasting LLC said they would buy 20 stations from Hoak Media LLC and Parker Broadcasting Inc for $335 million in cash, sending Gray's shares up as much as 19 percent.
Bill Smead, CEO & CIO of Smead Capital Management gives CNBC's Cash Flow his stock picks and tells us why he thinks the U.S. markets are due for a correction.
Oct 31- New York Times Co reported higher third-quarter revenue on Thursday after more readers paid for its flagship newspaper and its digital products. Shares of New York Times Co rose 2 percent to $14.02 in morning trade.
Stocks finished narrowly mixed in lackluster trading Monday, after the S&P 500 hit another record high and as investors were reluctant to make big bets ahead of the September government jobs report.
Oct 21- Gannett Co Inc, the largest U.S. newspaper chain and publisher of USA Today, reported a 4 percent drop in third-quarter revenue on Monday as a persistent decline in advertising sales has dogged the industry. Gannett is considered a bellwether of newspaper companies, which have been hurt by advertisers who have shifted their dollars to digital.
Take a look at some of Monday's midday movers:
Oct 21- Gannett Co Inc, the largest U.S. newspaper chain, reported a 4 percent drop in third-quarter revenue on Monday on declining advertising sales, mainly at its papers, sending shares down 6.5 percent. Gannett, whose properties include USA Today, started charging for digital content a year ago at its U.S. newspapers.
Oct 21- Gannett Co Inc, the largest U.S. newspaper chain, reported a 4 percent drop in third-quarter revenue on Monday because of a decline in advertising sales, mainly at its papers. Gannett, whose properties include USA Today, started charging for digital content a year ago at its U.S. newspapers. Shares of Gannett were off 5 percent to $26.11 in morning trade.