Gannett today announced that it has increased its offer to acquire Tribune Publishing Company to $15.00 per share from $12.25 per share — a 22.5% increase. The move comes after its initial bid was rejected and Tribune adopted a “poison pill” plan to block the offer
Gannett Co. (GCI), which owns USA TODAY and more than 100 other media properties across the country, said Monday it offered to buy Tribune Publishing (TPUB) for about $815 million, its second big expansion move since spinning off from its former parent less than a year ago
Why would a hugely successful businessman make himself an easy target for critics who suspected his real intent was to prune an occasional thorn in Beijing’s side? SCMP readers are now asking exactly the same question of Jack Ma, the Chinese magnate who has agreed to pay $266m for the paper. The Alibaba Group chairman is China’s second-richest man and has expanded from his internet base into sectors as diverse as financial services and sport
Barclay brothers believed to be testing potential City interest in newspaper group
Johnston Press is in advanced talks to buy the i, the cut-price national newspaper owned by Evgeny Lebedev, in a move which multiple sources say will spell the end of the Independent and Independent on Sunday
Bonnier has signed an agreement to sell Børsen, Denmark’s leading business newspaper, to JP/Politikens Hus for DKK 800 million
Newspaper proprietor Sir Ray Tindle has sealed a ground-breaking deal which passes ownership of some of his leading titles to the people who run them
Rupert Murdoch indulged in some good old-fashioned rumor-mongering over the weekend, triggering an online frenzy with his tweet on Friday that Tribune Publishing will be sold in the near future. However, Tribune moved to dispel the rumor Monday, with a statement that it has no offers pending and is not for sale
The South China Morning Post, Hong Kong’s historic English-language daily newspaper, has received a preliminary takeover offer, with speculation that Jack Ma, the founder of Chinese ecommerce group Alibaba, is a possible buyer.
The publisher of the Daily Mirror is poised to announce a £220m deal to take control of Local World, which owns more than 100 regional titles, to create a local newspaper powerhouse.Trinity Mirror, which also owns the Sunday People and Sunday Mirror, is thought to be close to securing a deal with Local World and could announce completion this week
First, Axel Springer was outbid in an auction to buy the FT Group, owner of the Financial Times, just as it had lost out in the sale of another British newspaper, the Daily Telegraph, in 2004. Second, talks with German broadcaster ProSiebenSat. 1 about a possible merger broke down
Axel Springer, Europe’s biggest news publisher by circulation, has become the latest media group to pull out of Russia after the country passed a law limiting foreign ownership of its media
The publisher of the Daily Mirror and Sunday Mirror already owns a 20 per cent stake in Local World and said it is now considering a deal worth £200 million to acquire the remaining 80 per cent
The Economist magazine is up for sale after Pearson confirmed it was looking for buyers for the 172-year international business publication. Pearson, which owns a 50pc stake in The Economist Group, said it was in talks with the group’s board about seeking potential buyers on Saturday. For the full story read The Telegraph
Pearson is today announcing that it has agreed the sale of FT Group to Nikkei Inc. for a gross consideration of £844 million, payable in cash. Financial Times is one of the world’s leading news organisations, recognised for its authority, integrity and accuracy. It includes the FT newspaper, FT.com, How to Spend It, FT Labs, FTChinese, the Confidentials and Financial Publishing (including The Banker, Investors Chronicle, MandateWire, Money-Media, Medley Global Advisors and more)
Pearson is in “advanced discussions” over a sale of the Financial Times, it said on Thursday. Reuters said the London-based FTSE 100 company had decided to sell FT Group to an unnamed global digital news company, according to a person familiar with the deal.
Two of Germany’s biggest media businesses, ProSiebenSat.1 and Axel Springer, are in talks about a combination that could improve their ability to compete with US digital heavyweights such as Google and Facebook
Trinity Mirror, which also owns the Sunday Mirror, Sunday People and a portfolio of regional titles, has been locked in talks with Desmond since at least March over a sale of “certain” newspaper assets owned by Northern & Shell.
Newsquest Media Group, one of the leading regional media groups in the UK, announced today that it has acquired Romanes Media Group, for an undisclosed sum. Romanes is a local news publishing business operating in Scotland, Berkshire and Northern Ireland. The Romanes newspaper portfolio comprises one daily, 19 weekly paid-fors and nine weekly frees, and […]
Luxury goods group LVMH is negotiating to acquire the French daily newspaper Le Parisien for €50m (£35m), reports the Financial Times.
