Tribune Publishing Co. has again rejected revised Gannett Co., Inc. proposal to acquire all of Tribune Publishing for US$15.00 per share in cash.The company received a US$70.5 million investment from Nant Capital in a deal that makes the California-based technology investment firm the company’s second-largest shareholder, edging past the 4.695 million shares owned by Oaktree Capital Management.
Tribune Publishing board of directed rejected USA Today owner Gannett’s US$815 million offer to acquire the company. Tribune Publisher, owner of Los Angeles Times, Chicago Tribune and nine other daily newspapers, said Gannett’s “opportunistic” proposal understates the company’s true value and is not in the best interests of its shareholders.
Trump Effect could be positive for Hispanics; Honey Maid profiles Dominican immigrant family; Gannett downsizes; and Clinton ponders Latino campaign strategy. The Trump effect Yeah,
Content may be king but local content/media is the emperor. Gannett announced that it will add 12 to 14 pages of USA Today content each day to 35 of its newspapers.
Tribune’s move confirms a trend as other large media companies are spinning off their high growing broadcast assets and keeping their publishing properties in a
Alternate delivery systems will become more important for many weekly magazines and community newspapers if the United States Postal Service goes through with its proposal
Gannett, the largest U.S. newspaper publisher, increased its quarterly revenues for the first time since 2006. Net operating revenue totaled $1.52 billion in the third quarter