Media Publishing

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  • LONDON, May 26- The publisher of the Daily Mail newspaper said a downturn in the print advertising market was squeezing margins in its media business, resulting in an 11 percent drop in first-half profit and a lower outlook for the year. Daily Mail and General Trust said the operating margin for its media business would be about 10 percent for the year, rather than...

  • Patrick Soon-Shiong

    The Los Angeles Times and Chicago Tribune are ready to be taken to the next generation, investor Patrick Soon-Shiong says.

  • Monsanto Co., up $4.48 to $106. Tribune Publishing Co., down $2.14 to $12.09. CaesarStone Sdot-Yam Ltd., down $5.36 to $34.97.

  • NEW YORK— Tribune Publishing rejected a second takeover bid from USA Today owner Gannett, but did say Monday that it was open to further talks. Gannett last week raised its per-share bid for the owner of the Los Angeles Times, Chicago Tribune and other newspapers to $15, from $12.25. Gannett Co. said Monday that it will determine whether to continue its pursuit of...

  • STOCKHOLM— Swedish media group Stampen says it's filing to restructure the company after struggling with debt. CEO Martin Alsander says the newspaper publisher is "moving in the right direction," but that debt remains excessive with insufficient cash flow so that it's unable to fulfill all "its financial obligations." Stampen publishes six dailies and eight...

  • Gannett deal: Making of a digital giant or misstep?

    Cole Smead, Smead Capital Management Managing Director & Portfolio Manager, and Kevin O'Leary, CNBC Contributor and O'Leary Financial Group Chairman, discuss Gannett raising its offer to Tribune Publishing as well as the future of digital media.

  • A copy of USA Today owned by Gannett Company is displayed at a newsstand on August 5, 2014 in San Francisco, California.

    Gannett, the publisher of USA Today, raised its all-cash offer to buy Tribune Publishing to $15 per share from $12.25.

  • TORONTO, May 13- Business got even tougher for Canada's newspaper industry last year, data showed on Friday, with nationally distributed advertising cut by almost a quarter and online ad sales barely taking up any of the slack. Online ad revenue for the overall industry was C $228 million, barely higher than the C $226 million reported in 2014 and C $221 million in...

  • Donald Trump now going after Amazon

    The Republican presidential candidate says the world's biggest online retailer has 'a huge antitrust problem.'

  • COPENHAGEN, May 13- Denmark's DONG Energy could be valued at more than $15 billion, according to two of the banks involved in the company's planned initial public offering, Danish newspaper Berlingske reported on Friday. The majority state-owned utility and offshore wind farm developer said on Thursday it planned to list on the Copenhagen stock exchange this...

  • BERLIN, May 12- If Britain were to leave the European Union, it would hurt Britain and Europe as well as the global economy, the chairman of the White House Council of Economic Advisers told a German newspaper. "You can certainly argue about whether the damage a Brexit would cause would be small, medium or big but it would definitely cause damage, especially for the...

  • WHITE HOUSE ECONOMIC ADVISER FURMAN TELLS GERMAN NEWSPAPER HANDELSBLATT BREXIT WOULD CAUSE DAMAGE, ESPECIALLY FOR BRITAIN BUT ALSO FOR EUROPEANS AND GLOBAL ECONOMY.

  • LONDON/ MILAN, May 11 (Reuters)- European shares slipped on Wednesday as some weak earnings reports pushed the market lower after two days of gains. The pan-European FTSEurofirst 300 index and the European STOXX 600 index were both down by around 0.5 percent by 1445 GMT. Austria's Raiffeisen Bank dropped by 10.2 percent on concerns over the company's plans to...

  • *JC Decaux slumps as brokers cut estimates on stock. LONDON, May 11- European shares slipped on Wednesday as some weak earnings pushed the market lower after two previous days of gains. Austria's Raiffeisen Bank also dropped by around 10 percent on concerns over the company's plans to merge with its unlisted parent company Raiffeisen Zentralbank.

  • LONDON, May 11- European shares slipped back on Wednesday, with outdoor advertising group JC Decaux among the worst-performers, as some weak earnings pushed the market lower after two previous days of gains. The pan-European FTSEurofirst 300 index and the European STOXX 600 index were both down by 0.4 percent. The FTSEurofirst 300 index is down 8 percent so far...

  • Chicago Tribune

    Tribune Publishing adopted a shareholder rights plan, following its rejection of Gannett's roughly $400 million takeover bid.

  • May 5- News Corp, owner of the Wall Street Journal and book publisher HarperCollins, reported its fifth drop in quarterly revenue in a row as print ad sales declined and a strong dollar hit income from outside the United States. News Corp reported a net loss available to shareholders of $149 million, or 26 cents per share, in the three months ended March 31, compared...

  • May 5- News Corp, the owner of the Wall Street Journal and book publisher HarperCollins, reported its fifth drop in quarterly revenue in a row as print ad sales decline. New York- based News Corp, controlled by Rupert Murdoch, said "currency fluctuations" also contributed to a 7.3 percent fall in the company's revenue to $1.89 billion in its third quarter.

  • Tribune rejects Gannett's $815M offer

    Tribune Publishing says its board of directors has rejected Gannett's $815 million bid to buy the company. CNBC's David Faber asks Michael Ferro, Tribune Publishing Chairman, about the offer, and digitizing the business.

  • Sign outside the Time & Life building, New York

    Magazine publisher Time Inc.'s quarterly revenue rose for the first time in six quarters, helped by acquisitions in its digital business.