|Bid||8.92 x 100|
|Ask||8.93 x 1100|
|Day's Range||8.82 - 8.95|
|52 Week Range||7.30 - 14.42|
|PE Ratio (TTM)||97.80|
|Dividend & Yield||0.64 (7.31%)|
|1y Target Est||N/A|
An investment group made up of labor unions and led by a former Chicago politician is buying Chicago Sun-Times publisher Wrapports.
The deal is not done, but The Tennessean has picked who it wants to buy the newspaper’s 10-acre downtown property. The newspaper reports that Highwoods Properties, which is the Nashville-area’s biggest office landlord, and local real estate investor Jim Caden have agreed to pay more than $55 million for the property. “We ran a competitive process over the last three months and we’ve reached the point where we have selected parties to negotiate terms of a sales contract,” La Guardia Myers, director of real estate for Gannett, the newspaper’s Virginia-based parent company, told The Tennessean.
The magazine publisher may change its name to rebrand the company for the digital age. If it does, it may want to avoid something resembling Tronc or Tegna.