Gannett Co., the owner of USA Today, will split into two publicly traded companies, one focused on broadcasting and digital businesses and the other on publishing, it said today, following the trend that has swept the media business.Signaling its interest in digital investment, the company also said it has agreed to buy the 73% interest it doesn't already own in Classified Ventures, which owns Cars.com, for $1.8 billion in cash. Cars.com, which was started in 1998, lets users check prices, compare models and read reviews of auto dealers.The publishing business, comprising 82 daily newspapers and many more non-daily local publications, will be separated from dozens of TV affiliates through a tax-free distribution of assets to shareholders. The split comes after similar moves by News Corp., Time Warner and Tribune Co., all of which wanted to cleave stronger entertainment businesses from newspapers or magazines facing long-term problems. Continue reading at AdAge.com Continue reading at 'Advertising Age'
[ Advertising Age | 2014-08-05 00:00:00 UTC ]
The Huffington Post Media Group, AOL's fast-moving content unit, is launching a celebrity site called HuffPost Celebrity today, as well as another called HuffPost Culture. HuffPost Celebrity, which ate AOL's former celeb-focused site Popeater, is in a very crowded arena online, with competitors... Continue reading at AllThingsD
[ AllThingsD | 2011-07-11 00:00:00 UTC ]
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Richard Desmond is in talks with US media giant Time Warner about the possible sale of the US edition of celebrity OK! magazine, sources have confirmed. Continue reading at Media Week
[ Media Week | 2011-06-06 00:00:00 UTC ]
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Time Warner Inc. has released their 2011 first quarter results, with the period ending on March 31, 2011. Continue reading at Folio Magazine
[ Folio Magazine | 2011-05-04 00:00:00 UTC ]
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