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Stock Market & Financial Investment News

News Breaks
February 4, 2014
10:32 EDTGCIGannett sees continued 'strong' performance for broadcast segment in Q1
Says combination with Belo a true game changer. Says in late December, the company announced in conjunction with sander media, the sale of three former Belo stations to Meredith (MDP); says it sold these stations for a total of approximately $410M, which lowers the effective cash purchase price of Belo from $1.5B-$1.1B. Says the projected 2014-2014 expected average EBITDA was roughly $35M for these three stations. Says expect says "very de minimus" impact to previously announced synergies. Expects accretion to non-GAAP EPS from the combined transaction is expected to be in a range of about 43c in FY14. Says planing to roll out USA Today content edition in 35 markets by the first week of April. Says "very well" positioned for FY14. Comments made during the company's Q4 earnings conference call.
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September 10, 2014
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.

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