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Stock Market & Financial Investment News

News Breaks
August 5, 2014
06:43 EDTMNI, GCI, AHCA.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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March 23, 2015
06:02 EDTAHCA.H. Belo appoints Katy Murray as SVP and CFO effective April 1
A. H. Belo announced that its board has appointed Katy Murray as Senior Vice President and CFO, Treasurer and Assistant Secretary of the company effective April 1, 2015. Prior to joining A. H. Belo, Murray served as the CFO of SourceHOV.

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