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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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July 29, 2015
09:41 EDTAHCA.H. Belo upgraded to Buy from Hold at Gabelli
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08:44 EDTGCIGannett sees 2H15 capex $50M-$55M
Sees 2H15 pension contributions of $6M-$8M as well as depreciation and amortization of roughly $54M.
08:43 EDTGCIGannett reports Q2 EPS 46c, two estimates 51c
Reports Q2 revenue $727.1M, two estimates $753M.
July 28, 2015
17:05 EDTGCIGannett declares dividend, approves share buyback program
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July 24, 2015
09:03 EDTMNIMcClatchy sees FY15 digital-only advertising revenue to grow in double digits
Due to the continued pull back of large advertisers in some direct marketing products, management now expects direct marketing revenues to be about flat with 2014, while audience revenues are expected to grow in the low single-digit range. Cash expenses are expected to decline in the mid single-digit range for all of 2015 reflecting the savings from its legacy cost reduction initiatives. Through these revenue and cost reduction efforts, cash flow is expected to flatten in the second half of 2015 on a year-over-year basis, reflecting an improving trend in operating cash flows in the third quarter and growth in the fourth quarter of 2015.
09:03 EDTMNIMcClatchy reports Q2 Audience revenue $90.8M
Digital-only subscribers grew to 75,500 in the second quarter of 2015 representing an increase of 28.6% from the second quarter of 2014, which helped contribute to the growth in digital audience revenues in the quarter. The monthly unique visitor count finished the quarter down 0.5% compared to the same quarter last year when monthly unique visitors were up 9.9%. Mobile users continue to grow and represented 52.3% of total monthly unique visitors in the quarter.
09:02 EDTMNIMcClatchy reports preliminary Q2 EPS 0c, consensus (3c)
Reports Q2 revenue $269.42M, consensus $267.80M. Reports Q2 advertising revenue $165.6M.
July 17, 2015
10:05 EDTMNIOn The Fly: Analyst Initiation Summary
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07:00 EDTMNIMcClatchy initiated with a Buy at Noble Financial
Target $3.50.
July 15, 2015
13:03 EDTGCIGannett names Kevin Gentzel chief revenue officer
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