Billionaire Carl Icahn's firm made a typo in a regulatory filing that erroneously said it had upped its stake in Gannett.» Read More
NEW YORK, Aug 5- U.S. stocks fell on Tuesday, weighed by earnings such as Target's and a drop in energy shares, but indexes cut losses after strong U.S. data offset a weak reading in China's services sector.
Gannett is spinning off its publishing business, and has bought the portion of Cars.com it did not already own for $1.8 billion. Gracia Martore, Gannett Company president & CEO, explains the media company's growth strategy and future plans for their business.
*China services sector growth at near nine-year low. NEW YORK, Aug 5- U.S. stocks were set to fall at the open Tuesday weighed by earnings such as Target's, and as growth in China's service sector slowed to a nine-year low in July, stoking worries over the health of the world's second-biggest economy.
*China services sector growth at nine-year low. NEW YORK, Aug 5- U.S. stock index futures dipped on Tuesday after China's economic recovery was put in doubt as growth in its services sector slowed in July to its lowest level in nearly nine years.
Some of the names on the move ahead of the open.
Aug 5- Gannett Co Inc, the publisher of USA Today, said it would take full ownership of automotive website Cars.com and spin off its publishing assets into a publicly traded company as it focuses on its digital businesses.
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.