|Bid||9.92 x 1300|
|Ask||9.93 x 900|
|Day's Range||9.88 - 10.00|
|52 Week Range||7.41 - 11.99|
|Beta (3Y Monthly)||1.96|
|PE Ratio (TTM)||82.36|
|Earnings Date||Nov 6, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||0.64 (6.50%)|
|1y Target Est||10.00|
NEW YORK, NY / ACCESSWIRE / August 16, 2019 / Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Monotype Imaging Holdings Inc. (NASDAQ:TYPE) The ...
NEW YORK, Aug. 15, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
WILMINGTON, Del., Aug. 15, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Wesco Aircraft Holdings, Inc. (NYSE: WAIR) regarding possible breaches of.
After 26 years at the Worcester Telegram & Gazette, columnist Clive McFarlane was laid off this week by parent company GateHouse Media, prompting Mayor Joseph Petty to declare, "There is no more real newspaper in the city of Worcester.”
NEW YORK, Aug. 14, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Cambrex Corporation (NYSE: CBM)The.
Under the terms of the proposed transaction, shareholders of Gannett will receive only $6.25 in cash and 0.5427 shares of New Media for each share of Gannett that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (firstname.lastname@example.org) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-gci/ to learn more.
NEW YORK, Aug. 13, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
BALA CYNWYD, PA / ACCESSWIRE / August 12, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Gannett Co., Inc. (“Gannett” or ...
Under the terms of the transaction, each share of Genomic common stock will be converted into the right to receive $27.50 in cash and $44.50 in shares of Exact Sciences for each share of Genomic common stock owned. Under the terms of the agreement, each share of Navigant common stock will be converted into the right to receive $28.00 in cash for each share of Navigant common stock owned.
The merger of Gannett and New Media Investments is off to a rocky start. The deal, says the New York Post, is now “hanging on for dear life.” No kidding. You have to wonder if New Media (NEWM) Chief Executive Officer Mike Reed and Gannett (GCI) CEO Paul Bascobert are quite as “excited” as they claimed to be before their shares took a pummeling.
NEW YORK, Aug. 09, 2019 -- Halper Sadeh LLP, a global investor rights law firm, announces it is investigating the following companies: Gannett Co., Inc. (NYSE: GCI)The.
The merger of the two largest newspaper chains in the U.S. could be rejected by shareholders unless GateHouse Media's parent, New Media Investments, can manage to significantly raise its stock price in coming months.
WILMINGTON, Del., Aug. 09, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Gannett Co., Inc. (NYSE: GCI) regarding possible breaches of fiduciary.
(Bloomberg) -- Apollo Global Management LLC co-president Jim Zelter knows what many on the Street are thinking.Why would a private-equity firm -- whose name is synonymous with acquiring struggling businesses on the cheap and turning them around for huge profits -- make a $1.8 billion loan to a company in the beleaguered newspaper industry if it didn’t expect to own it one day?When it comes to the financing of New Media Investment Group Inc.’s takeover of Gannett Co., he insists that’s not the plan. In fact, Zelter, a former banker who led the expansion of Apollo’s credit investment arm, says the rationale behind the firm’s largest-ever direct-lending commitment is simple: He believes the new company can thrive.“This was always meant to be a performing loan,” he said in a phone interview. “It’s not a distressed-for-control transaction.”Zelter -- who oversees about $200 billion of credit investments, more than double Apollo’s entire private equity portfolio -- says the transaction is a vote of confidence in New Media Chief Executive Officer Mike Reed and his track record in acquiring and managing media assets.Yet that confidence comes at a steep price for the longtime news executive, who will take control of USA Today and major metro publications such as the Arizona Republic and Detroit Free Press once the Gannett acquisition closes.The combined company will pay a 6.5% arranging fee for the five-year loan and an annual interest rate of 11.5%, according to regulatory filings. Apollo is expected to pocket the majority of the fee by funding the loan at a discount of 95 cents on the dollar, according to a person with knowledge of the matter who asked not to be named because the details are private.A spokesman for New Media declined to comment. A spokesman for Apollo declined to comment on the fee.“The merger has a lot of industrial logic,” Zelter said. “We believe Mike and his team will make the right moves in terms of being thoughtful about digital strategy and the manner they will operate the business going forward.”The loan to New Media is one of many investments Apollo has made in out-of-favor sectors in recent years. Its private equity arm has bought DVD kiosks, penny-counting machines and discount grocery stores. As with all high-risk businesses, there’s always the possibility that things won’t work out as planned.Looking at the interest rate, “you have to assume there is a lot of risk there,” Howard Marks, co-chairman of distressed-debt manager Oaktree Capital Group LLC, said in Bloomberg TV interview Thursday. “I would be surprised to learn that it’s loan-to-own, but depending on how risky the proposition is I’m sure that not getting paid and instead ending up as an owner must factor into the picture.”\--With assistance from Erik Schatzker.To contact the reporter on this story: Davide Scigliuzzo in New York at email@example.comTo contact the editors responsible for this story: Natalie Harrison at firstname.lastname@example.org, Boris KorbyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
New Media's merger with Gannett was so poorly received that the possibility of its falling through could be boosting the stock.
NEW YORK, Aug. 08, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.
BALA CYNWYD, PA / ACCESSWIRE / August 7, 2019 / Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Gannett Co., Inc. (“Gannett” or ...
The value investor increased his position as the company announced it would acquire news giant Gannett Continue reading...
Earlier today, the Valo Park building in which Gannett’s corporate headquarters is located in Tysons Corner, Va. was evacuated after a report that there may be an individual with a weapon in the building. Fairfax County Police and other law enforcement agencies swept the building and cleared it without incident allowing the employees of Gannett and the other companies in the building to return by late afternoon. No current or former Gannett employee was involved in this incident.
Last week, Leslie Kahana bought four local newspapers from Mount Pleasant, Wisconsin-based American Hometown Publishing Inc.
The suburban Washington office complex housing the headquarters of USA Today newspaper was evacuated on Wednesday because of reports of a man with a weapon inside, but a search of the property found no threat or evidence of a crime, police said. The gun scare at the USA Today headquarters in McLean, Virginia, coming amid frayed nerves following a string of deadly mass shootings, proved to be a "non-event," Fairfax County Police Chief Edwin Roessler Jr. told reporters. The incident began around noon local time, Roessler said, when police received an emergency-911 call from someone in the twin-tower complex reporting that a former employee was in the building armed with a weapon.
The headquarters of USA Today were evacuated Wednesday after what authorities said turned out to be a mistaken report of a person with a weapon, the newspaper reported. USA Today said police are continuing to investigate, but there has been no evidence of shooting and police have not located anyone with a weapon. USA Today's parent company Gannett Co. Inc. and New Media Investment Group Inc. said Monday they plan to merge.
NEW YORK, Aug. 07, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased Gannett Co., Inc. (“Gannett” or the.