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Stock Market & Financial Investment News

News Breaks
August 4, 2014
18:14 EDTMNI, GCI, AHCGannett said to agree to buy rest of Cars.com for $1.8B, Bloomberg says
Gannett (GCI) agreed to acquire the remaining 73% stake in Cars.com from Classified Ventures, which is backed by Gannett, McClatchy (MNI) A.H. Belo (AHC), and Tribune Co., for $1.8B, reports Bloomberg, citing a person familiar with the matter. The agreement could be announced as early as tomorrow, Bloomberg added. Reference Link
News For GCI;MNI;AHC From The Last 14 Days
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April 24, 2015
09:06 EDTMNIMcClatchy sees FY15 digital-only advertising revenue to grow in double digits
In 2015 the company expects digital-only advertising revenues to grow in the double-digit range on a gross basis, and up in the high-single digit to low double-digit range including the impact of netting $9M in higher wholesale fees against revenues in the first nine months of the year due to the new Cars.com affiliate agreement entered into on Oct. 1, 2014. Also, growth is expected in direct marketing advertising that will be invigorated by new niche products and events and expanded distribution of its Sunday Select product. Finally, growth in digital subscribers and selective rate increases are expected to continue to fuel low single-digit increases in audience revenues. Management expects newspaper print advertising to continue to represent a smaller share of overall revenue, due in part to the growth in digital-only advertising, direct marketing and audience revenues. McClatchy is focusing on reducing legacy costs tied to its print newspaper products primarily production and distribution expenses, including newsprint expenses. Management expects that even with higher non-cash pension costs and investments in new digital products and enterprise-wide computer systems, cash expenses will decline in the low-to-mid single-digit range. The reductions in legacy costs coupled with revenue initiatives will help counter the continuing negative trends in print advertising. Management expects to have another challenging quarter in the second quarter before cash flow flattens in the second half of 2015. Management noted that expenses may be reduced further if needed based upon the revenue environment.
09:04 EDTMNIMcClatchy board authorizes limited share repurchase program
McClatchy announced that its board had authorized a new limited share repurchase program for the repurchase of up to $7M of its Class A common stock through December 31, 2016. The repurchases are intended to mitigate the dilutive impact of issuing Class A stock under McClatchy's equity compensation plans.
09:03 EDTMNIMcClatchy expects to achieve $25M-$30M of cost savings in 2015
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09:01 EDTMNIMcClatchy reports Q1 EPS (13c) vs. (19c) last year
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April 21, 2015
13:15 EDTGCIGannett announces TEGNA as name of new Broadcasting and Digital company
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08:17 EDTGCIGannett reports Q1 Broadcasting segment revenue up 4% to $396.8M
Operating revenues in the Digital Segment increased substantially in the quarter, 85.1%, compared to the first quarter of 2014 and totaled $332.7M. Publishing Segment revenues in the quarter were $768.2M, down 8.8%.
08:16 EDTGCIGannett reports Q1 EPS 49c, consensus 45c
Reports Q1 revenue $1.5B, consensus $1.52B.
April 20, 2015
15:37 EDTGCINotable companies reporting before tomorrow's open
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April 16, 2015
09:04 EDTGCIGannett announces partnership with ViewLift
Gannett Co. announced an agreement with ViewLift, a full-service provider of custom video applications, to explore development of a new digital sports video service. This new entity will focus on streaming unique sports-related content and select, relevant movies across multiple devices smartphones, tablets, televisions, and PCs.

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