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News Breaks
November 20, 2012
16:06 EDTNWSA, CBSNews Corp. has expressed interest to CBS about merging book businesses, WSJ says
The Wall Street Journal cites sources.
News For NWSA;CBS 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.
08:53 EDTCBSSunTrust's Peck lists 10 potential CEO candidates for Yahoo
Several media reports have discussed the health of Yahoo's (YHOO) core business and stability of senior management, in particular CEO Marissa Mayer, SunTrust analyst Robert Peck tells investors today in a research note. Amid investor questions, the analyst scored a list of around 40 potential CEO candidate suggestions. The top 10 most cited, in no particular order, were Ross Levinsohn, Chegg's (CHGG) Dan Rosensweig, Facebook's (FB) Sheryl Sandberg, CBS Interactive's Jim Lanzone, David Rosenblatt, Margo Georgiadis, YouTube's (GOOG) Susan Wojiki, General Electric's (GE) Beth Comstock, NBCUniversal's Linda Yaccarino and Jason Killar. Peck points out that he's unclear what the board might do regarding a potential CEO change. He keeps a Buy rating on Yahoo with a $40 price target citing the "overwhelming likelihood" that the company's Alibaba (BABA) stake spin-off is treated as tax-free.
06:24 EDTCBSNetworks aiming to protect TV rights amid streaming battle, WSJ says
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November 29, 2015
19:31 EDTNWSAMurdoch says Tribune newspaper group likely to be acquired
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November 27, 2015
07:45 EDTCBSAmazon plans to let Prime users add other online networks, Bloomberg reports
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November 20, 2015
13:00 EDTNWSADow Jones, Pearson to sell stakes in Vedomosti
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