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Cox sells papers; Gannett profit offers scant hope (from Corporate Dealmaker)

Update from the battered newspaper industry: Cox Enterprises Inc. continued its newspaper selloff, a day after cost-cutting Gannett Co. (NYSE:GCI), the largest U.S. newspaper publisher, posted a Street-beating profit and said that advertisers are spending a little more money on papers.Our sister blog Dealscape notes that Gannett's publishing advertising revenue...

Posted on July 16, 2009 10:27 AM

Credit default swaps threaten newspaper cos. (from Corporate Dealmaker)

As if Google weren't menace enough, newspaper companies are finding themselves undermined by another modern innovation: the credit default swap.In the cover story for the The Deal magazine published Monday, Richard Morgan tells about the dire situation Gannett Co. (NYSE:GCI) finds itself in after nearly three-quarters of bondholders, hedged with...

Posted on June 23, 2009 12:03 PM

Digital strategies: Scripps divides, Gannett absorbs (from Corporate Dealmaker)

Here's an optimistic thought about the future of the troubled newspaper business: With all the different things people are trying, somebody must be getting it right.Tuesday's news is that Gannett Co. Inc. will buy out partners Tribune Co. and McClatchy Co. in ShopLocal LLC, a  marketing and database services company,...

Posted on July 8, 2008 11:38 AM