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Stock Market & Financial Investment News

News Breaks
March 10, 2014
09:52 EDTGCI, MNI, GHC, AHC, TRBAANewspaper group looks for $3B in possible sale of Cars.com, WSJ says
The Classified Ventures consortium, which includes publishers Gannett (GCI), Tribune (TRBAA), A.H. Belo (AHC), McClatchy (MNI) and Graham Holdings (GHC), has put the Cars.com marketplace up for sale for as much as $3B, according to The Wall Street Journal, citing people familiar with the plans. Gannett, which owns around 27% of Classified Ventures, could raise or sell its stake depending on the price, according to the report, citing two people familiar with the company's plan. Reference Link
News For GCI;MNI;GHC;AHC;TRBAA From The Last 14 Days
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September 12, 2014
17:22 EDTGHCGraham Holdings to replace United Rentals in S&P 400 as of 9/19 close
17:20 EDTGHCUnited Rentals to replace Graham Holdings in S&P 500 as of 9/19 close
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September 10, 2014
08:32 EDTGHCKaplan Bar Review prep courses available in U.S. by FY15 end
Kaplan Bar Review has announced it will be expanding its complete bar review courses to aspiring lawyers in all 50 states by the end of FY15. Currently serving 44 jurisdictions across the U.S., Kaplanís seven-state expansion includes Delaware, Kansas, Maine, Mississippi, South Dakota, Vermont and Wisconsin. Kaplan is a subsidiary of Graham Holdings.
06:43 EDTGCITypo causes confusion Icahn's stake in Gannett, NY Times says
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06:16 EDTGCICorrection: Icahn maintains 6.63% stake in Gannett
Carl Icahn maintains a 6.63% stake in Gannett (GCI) and says last night's filing of an increased stake of 8.48% was done in error.
September 4, 2014
06:09 EDTGCIUSA Today cuts 70 employees, WSJ reports
Gannett's USA Today yesterday laid off around 70 people, a source tells the Wall Street Journal. About 35 of the affected employees came from the newsroom, equating to about 10% of its newsroom staff, and the rest of the cuts came across all of the newspaper's departments. Reference Link
September 3, 2014
16:10 EDTGCIGannett gets regulatory clearance to acquire full ownership of Cars.com
Gannett announced that it has received federal regulatory clearance under the Hart-Scott-Rodino Act to acquire full ownership of Cars.com, one of the leading digital companies in the automotive space. Under the agreement, Gannett will acquire the 73% interest it does not already own in Classified Ventures, which owns Cars.com. Closing is expected to occur on October 1.
13:25 EDTAHCA.H. Belo completes sale of Providence Journal
A. H. Belo announced that the previously reported sale of The Providence Journal is now complete. A subsidiary of New Media Investment Group acquired substantially all of the assets which comprise the newspaper operations of The Providence Journal located in Providence, Rhode Island, including the production facility and related land, for $46M in cash before usual closing costs. A. H. Belo retains sponsorship of the defined benefit pension plan for Providence employees.

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