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Stock Market & Financial Investment News

News Breaks
February 4, 2013
08:00 EDTJCOM, NWSAJ2 Global's Ziff Davis acquires IGN Entertainment from News Corp.
j2 Global (JCOM) announced that its Ziff Davis, Inc. subsidiary has acquired IGN Entertainment from News Corporation (NWSA). The transaction is expected to be accretive to j2ís 2013 earnings, exclusive of transition costs.
News For JCOM;NWSA From The Last 14 Days
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November 30, 2015
09:59 EDTNWSATribune Publishing disputes Murdoch tweet, says not in talks to sell
Shares of multi-platform media and marketing solutions company Tribune Publishing (TPUB) are surging in morning trading after Rupert Murdoch said that the company would likely be sold, However, Tribune has come out in response to state that it is not in discussions to sell the company. WHAT'S NEW: On Friday, Rupert Murdoch, the chairman and chief executive officer of News Corp (NWSA, NWS), said in a tweet that there was "strong word" that Tribune would be sold and that the LA Times would be spun off to a local group involving philanthropist Eli Broad. In an e-mailed message to employees on Monday, Tribune said it wanted to address the rumor regarding a potential purchase of the company, and said that "While our policy is not to comment on rumors, given the source of this speculation and the fact that it has received considerable public attention, the company believes a statement to employees is warranted." Tribune reaffirmed that it is committed to its strategy and transformation plan and that it is not engaged in talks or a process to sell the company. WHAT'S NOTABLE: Newsonomics' Ken Doctor reported that private equity firm Apollo Global Management (APO) approached Tribune "about a month ago," telling Tribune's Chairman Eddy Hartenstein about its interest in buying the company. Doctor notes that Tribune was "non-responsive" to requests for talks, and was "unwilling to schedule meetings or provide deeper-than-public financials." Doctor believes that, given Tribune's market capitalization and debt, a purchase price could be in the $650M-$750M range. Tribune has reportedly engaged a small group of newspaper veterans to "plot its next strategy, should an acquisition be finalized." PRICE ACTION: Tribune Publishing is up 9.2% to $10.14 in morning trading. OTHERS TO WATCH: Shares of other newspaper publishers, including McClatchy (MNI) and Gannett (GCI), are also higher this morning.
November 29, 2015
19:31 EDTNWSAMurdoch says Tribune newspaper group likely to be acquired
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November 20, 2015
13:00 EDTNWSADow Jones, Pearson to sell stakes in Vedomosti
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