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Stock Market & Financial Investment News

News Breaks
August 5, 2014
06:52 EDTGCI, TPUBTribune Publishing to extend affiliate agreement with Cars.com
Tribune Publishing (TPUB) announced that it expects to enter into a five-year agreement with Classified Ventures, or CV, to extend its affiliate agreement with Cars.com. The agreement is contingent upon the closing of the sale of CV to Gannett (GCI) by the equity partners, which is expected to close by the end of 2014, subject to customary regulatory reviews. Upon the close of the sale, Tribune Publishing will enter into a five-year affiliate agreement with CV that will allow it to continue to sell Cars.com products and services exclusively in the eight key markets in which Tribune Publishing operates.
News For GCI;TPUB From The Last 14 Days
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February 9, 2016
18:50 EDTGCIGabelli to vote against Journal Media merger, disagrees with ISS recommendation
In a regulatory filing detailing a 15.63% stake in Journal Media Group (JMG), Gabelli noted it has reviewed the report by proxy advisory firm ISS regarding Journal's proposed merger with Gannett (GCI), and intends to vote against the merger plan for those shares over which it has voting authority. Journal Media's "refusal to disclose its real estate asset valuations, beyond the $5.4M 'excess real estate value' for real estate not used in core operations, is what is truly misleading to shareholders," Gabelli claimed.
11:50 EDTGCI, TPUBGannett examining parcel-delivery business, WSJ reports
Gannett (GCI) is examining the parcel-delivery business and has reached out to consultants in the parcel industry as early as December, The Wall Street Journal reports, citing sources. According to one source, Gannett also held preliminary talks with Amazon (AMZN) as it considers delivery possibilities. The report notes that Tribute Publishing (TPUB) abandoned a similar idea after briefly testing package delivery with Amazon in the fall. Reference Link
08:08 EDTGCIJournal Media Group says ISS recommends investors vote for merger with Gannett
Journal Media Group (JMG) announced that Institutional Shareholder Services has recommended that Journal Media Group shareholders vote "FOR" the proposed merger between Journal Media Group and Gannett (GCI). ISS stated in its February 8, 2016 report: "A vote FOR this transaction is warranted given the substantial premium, the strength of the sales process, the fact that no superior offers have emerged despite the reasonable breakup fee, and the apparently material downside risks..." The transaction and other matters will be considered at a special meeting for Journal Media Group shareholders on March 1, 2016, at 10 a.m. at Journal Media Group's headquarters at 333 W. State St., Milwaukee, Wisconsin. Journal Media Group shareholders of record as of the close of business on January 21, 2016, are entitled to vote at the special meeting either in person or by proxy. The parties currently expect to complete the proposed transaction promptly following approval by Journal Media Group shareholders and the expiration or termination of the Hart-Scott-Rodino waiting period.
February 4, 2016
08:34 EDTTPUBTribune Publishing suspends quarterly cash dividend
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08:33 EDTTPUBTribune Publishing sees FY15 revenues $1.66B-$1.67B, consensus $1.67B
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08:32 EDTTPUBTribune Publishing announces $44.4M private placement transaction
Tribune Publishing announced it has completed a $44.4M private placement transaction with Merrick Media that will enhance the company's position for pursuing strategic acquisitions and digital initiatives. Michael Ferro, Jr., Chairman and CEO of Merrick Media, joins the Tribune Publishing Board of Directors as Non-Executive Chairman. Tribune Publishing CEO Jack Griffin said, "This transaction supports key elements of our ongoing strategic plan and provides our Company with additional capital to accelerate our growth strategies. We continue to evaluate growth opportunities where we can achieve measurable, value-enhancing synergies that drive financial contribution and maximize shareholder value."

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