U.S. Markets open in 4 hrs 4 mins

Newspaper group looks for $3B in possible sale of Cars.com, WSJ says

The Classified Ventures consortium, which includes publishers Gannett (GCI), Tribune (TRBAA), A.H. Belo (AHC), McClatchy (MNI) and Graham Holdings (GHC), has put the Cars.com marketplace up for sale for as much as $3B, according to The Wall Street Journal, citing people familiar with the plans. Gannett, which owns around 27% of Classified Ventures, could raise or sell its stake depending on the price, according to the report, citing two people familiar with the company's plan.