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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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November 17, 2014
08:04 EDTAHCA.H. Belo announces resignation of CFO Alison Engel
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November 14, 2014
17:01 EDTGCIIcahn Associates gives quarterly update on stakes
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07:21 EDTMNIBestinver Geston reports 9.86% passive stake in McClatchy
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November 13, 2014
07:38 EDTGCIBloomberg Link to hold a conference
The Year Ahead: 2015 is being held in Washington, D.C. with a pre-conference dinner on November 13 followed by company presentations on November 14,
November 7, 2014
09:03 EDTGCIGannett names Alex Vetter CEO of Cars.com
Gannett announced that Alex Vetter, executive vice president and COO for Cars.com, has been named President and CEO of Cars.com. Former Cars.com CEO Dan Jauernig has decided to return to his home city of Toronto to be closer to his family and has joined a leading financial services firm.

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