Gannett Co Inc
NYSE: GCI
$2.38
-$0.03 (-1.2%)
Closing price April 12, 2024
In the midst of a battle between its two largest shareholders, the critical question of whether Tronc can reach its 2017 revenue guidance of $1.6 billion has been almost entirely lost.
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Gannett's share price has stayed relatively steady since a battle broke out between the two largest shareholders of Tronc.
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There is a war for control of newspaper publisher Tronc that pits its two largest shareholders against one another.
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Will Tronc Vice Chairman Patrick Soon-Shiong may make a bid for the entire company? He would have to match the $18 or so price per share offered by Gannett.
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The traditional newspaper business in the U.S. will continue its decline, according to Moody’s Investor Services. One of the few points of relief will be the ability to cut costs. Moody’s...
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Tronc's Vice Chairman Patrick Soon-Shiong will not stand for reelection. He is the company's second largest shareholder.
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With Tronc as a prized new client, The Washington Post might pick up some other large customers for its licensed publishing platform.
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Each of these companies faces challenges if the purchase of national media properties becomes a major strategic path in the newspaper industry to increase audience size, revenue and earnings.
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The Street is reporting that Tronc may buy celebrity magazine Us Weekly from Wenner Media.
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Just 22 papers that are most important, financially, to the public company newspaper industry. It is a small foundation for such a large industry.
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Warren Buffett, whose Berkshire Hathaway owns several papers, including his hometown paper, made a particularly pessimistic comment about the newspaper industry.
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New York Times digital properties moved ahead of the Washington Post's in January, according to recent research. The edge was small, however.
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tronc has held its own so far in 2017 as its shares were last seen up about 6% year to date. When evaluating tronc, it is important to recognize just how wide its grasp is.
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Thethe top analyst upgrades, downgrades and initiations seen on Monday include AK Steel, JC Penney, Hasbro, Petrobras, Travelers, Agilent Technologies and Regeneron.
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Gannett managed to handily beat earnings expectations. This may be aided by acquisitions, but the flux within the media sector at this time is a situation that is likely to persist.
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