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Gannett Buys Controlling Stake in CareerBuilder

Written on
September 3rd 2008
Author
Kathleen

ADOTAS – Gannett Co. is taking a controlling stake in the flailing Tribune Co. Gannett by shelling out $135 million to Tribune for a 10% stake in online jobs site CareerBuilder. (This gives Gannett a 50.8% stake in the CareerBuilder). Tribune plans to use the cash infusion to pay off a [...] more...

Cablevision Snags Newsday To Up Ad, Sub Revenue

Written on
May 12th 2008
Author
Kathleen

ADOTAS – In a bid to grow its advertising and local subscription business, Cablevision Systems Corp. beat out media chieftains Rupert Murdoch and Mortimer Zuckerman to buy Tribune Co.’s Newsday. Cablevision acquired about 97% of Newsday Media Group – which was valued at $632 million in the transaction. Tribune Co. will [...] more...