The summer's No. 1 stock so far has been undeniable, but you might not have notice the others on this list, USA Today reports.» Read More
Gannett will spin off its publishing business from its broadcasting and digital units. It's also acquiring full ownership of Cars.com for $1.8 billion.
Aug 5- Gannett Co Inc, the publisher of USA Today, said it would buy the 73 percent stake it does not already own in automotive website Cars.com for about $1.8 billion in cash. Gannett also said it would split into two publicly traded companies. One would focus on broadcasting and digital businesses, and the other on its publishing business, the company said.
Aug 4- Gannett Co Inc, one of the newspaper owners of Cars.com, is nearing an agreement to buy the portion of the auto-sales website that it does not already own for $1.8 billion, people familiar with the matter said on Monday.
Aug 4- Gannett Co Inc, one of the newspaper owners of Cars.com, is near an agreement to buy out the part of the auto-sales website that it does not already own for $1.8 billion, a source familiar with the matter said on Monday. This would be the latest step for Gannett to diversify its business away from newspapers.
Aug 4- Gannett Co Inc one of the newspaper owners of Cars.com, has agreed to buy out the part of the auto-sales website that it doesn't already own for $1.8 billion, Bloomberg News reported on Monday.
Gannett agreed to purchase 73 percent of auto-sales site Cars.com for $1.8 billion, Bloomberg reported, citing sources with knowledge of the matter.
The FCC's Media Bureau said Sinclair will divest the TV station in Harrisburg, Pennsylvania, and give up the licenses of Allbritton stations in Birmingham, Alabama, and Charleston, South Carolina, delivering programming there through so-called multi-casting on the signal of stations Sinclair already owns.
Some of Tuesday's midday movers:
July 22- Newspaper and broadcast company Gannett Co reported higher revenue and earnings on Tuesday, benefiting from its acquisition of Belo's TV stations.
July 22- Gannett Co, the largest newspaper chain in the United States and publisher of USA Today, reported higher revenue and earnings on Tuesday, benefiting from its acquisition of Belo's TV stations. The company said total second-quarter revenue increased 12.1 percent to $1.46 billion from a year earlier.
SEATTLE/ NEW YORK, July 6- The U.S. air safety regulator is drafting rules to permit small drones to be used for commercial purposes, a step toward allowing remote-control planes and helicopters to be deployed for everything from TV news coverage to monitoring crops.
The Supreme Court delivered a major setback to online TV startup Aereo. How will consumers fare following the ruling?
After retreating from highs in early March, shorts sellers in the S&P 500 have returned over the last eight weeks.
NEW YORK, June 17- While the New York Times Co has shrunk by more than half in the past eight years, the compensation of the top three executives at the company has held steady.
May 14- Gannett Co said on Wednesday it will buy six television stations in Texas for $215 million, another move by the company to bulk up its local TV station holdings. Last year, Gannett acquired Belo Corp TV stations for $1.5 billion, nearly doubling its TV stations.
Gannett, the parent company of USA Today, is one of the five newspaper publishers that back Classified Ventures, the entity that owns Cars.com. Cars.com helps people buy and sell cars on the Internet. Gannett has a 27 percent stake in Classified Ventures.
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.
The level of media investing activity is forging the underpinnings of "game-changing" developments for the industry, according to the Pew Research Center's State of the News Media 2014 report, which cited funding from entrepreneurs like Amazon's Jeff Bezos and eBay founder Pierre Omidyar.
Media General said it would buy LIN Media for $1.6 billion to create a broadcaster reaching nearly a quarter of U.S. households with a television.
March 21- Media General Inc said it would buy LIN Media LLC for $1.6 billion to create a broadcaster reaching nearly a quarter of U.S. households with a television. Media General Chairman Stewart Bryan said the deal would create the second-largest pure-play U.S.