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Stock Market & Financial Investment News

News Breaks
February 4, 2013
08:18 EDTGCIGannett reports Q4 Publishing revenue $1.04B; Advertising revenue $657.5M
Reports Q4 Broadcasting revenue $287.5M; Q4 Television revenue $280.2M; Reports Q4 Digital revenue $187.2M
News For GCI From The Last 14 Days
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October 1, 2014
09:50 EDTGCITribune 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 EDTGCIGraham 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 EDTGCIMcClatchy 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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