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Stock Market & Financial Investment News

News Breaks
March 26, 2013
09:47 EDTGCI, MNICareerBuilder acquires VON
CareerBuilder, owned by Gannett (GCI), McClatchy (MNI) and Tribune, has acquired VON in Vietnam. Together, CareerBuilder and VON will bring Vietnam's employers and workers a broader range of recruitment and job search resources.
News For GCI;MNI From The Last 14 Days
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October 1, 2014
09:50 EDTGCI, MNITribune Media closes sale of 27.8% stake in CV to Gannett
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09:47 EDTGCIA.H. Belo enters new five-year affiliate agreement with CV
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09:22 EDTGCI, MNIGraham Holdings closes sale of 16.5% Stake In Cars.com to Gannett
Graham Holdings (GHC) announced that the company and the remaining partners in Classified Ventures have completed the sale of their entire stakes in CV to Gannett (GCI) for a price that values CV at $2.5B. The agreement to sell was announced on August 5. CV was a joint venture among Graham Holdings, A. H. Belo (AHC), Gannett, McClatchy (MNI) and Tribune (TRBAA) Media. Graham Holdings owned 16.5% of CV, whose primary asset is Cars.com, the online car shopping website. Gross proceeds to the selling partners are $1.8B. Total proceeds to Graham Holdings, net of transaction costs, are $408.5M, of which $16.5M will be held in escrow until October 1, 2015. The company will report a gain on the sale of its interest in CV Q4.
09:22 EDTGCI, MNIMcClatchy closes sale of 25.6% stake in Cars.com to Gannett
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09:17 EDTGCIGannett completes acquisition of remaining 73% interest in Cars.com
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