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Stock Market & Financial Investment News

News Breaks
August 5, 2014
06:43 EDTGCI, AHC, MNIA.H. Belo and McClatchy to sell its units in CV to Gannet
A. H. Belo (AHC) and McClatchy (MNI) announced that it, along with its partners in Classified Ventures, or CV, entered into a definitive agreement to sell its units in Classified Ventures, or CV, to Gannett (GCI) for a price that values CV at $2.5B. The transaction is expected to close before the end of 2014, subject to regulatory review. Upon the close of the transaction, A. H. Belo will enter into a new, five-year affiliate agreement with CV that will allow The Dallas Morning News to continue to resell Cars.com products and services exclusively in its local market. CV, whose primary asset is the online car shopping website Cars.com, is a joint venture among A. H. Belo, The McClatchy (MNI), Tribune Media Company, Graham Holdings Company and Gannett. A. H. Belo owns 3.3% of CV and estimates its pre-tax, cash proceeds net of selling costs and funds held in escrow will be approximately $78M. The funds held in escrow of approximately $3M are expected to be released twelve months after the closing date of the transaction.
News For AHC;GCI;MNI From The Last 14 Days
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May 20, 2015
13:20 EDTAHCA.H. Belo authorizes 1M share repurchase plan
In a regulatory filing earlier, A.H. Belo reported that on May 14, the company's board of directors authorized the repurchase of up to an additional 1M shares of the company’s series A common stock, par value 1c per share or series B common stock, par value 1c per share. As of April 30, the company had 393,824 shares remaining under its prior share repurchase authorizations.

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