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Gannett Co.

Leon Cooperman Buys GM, EBay, Gannett ; Sells Ocwen

Omega Advisors Inc., the hedge fund run by Leon Cooperman, has bought shares over the past quarter of eBay Inc., newspaper publisher Gannett Co. Inc., General Motors Co. and airline United Continental Holdings Inc., according to a regulatory filing released Friday afternoon. The hedge fund sold its stakes in mortgage servicer Ocwen Financial Corp., Orient-Express Hotels Ltd. and grocery chain Supervalu Inc. New York regulators recently halted Ocwen's plans to buy the rights to service a mortgage portfolio from Wells Fargo. Omega also trimmed its stakes in ETrade Financial Corp., the private-equity firm KKR & Co., homebuilder Lennar Corp. and insurer MetLife Inc.Copyright © 2014 MarketWatch, Inc....

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  1. Gannett Shares Fall After Second-quarter Results

    Gannett Co. reported its second-quarter profit fell 5.2% to $113.6 million, or 48 cents a share, from $119.9 million, or 51 cents a share, a year earlier. Adjusted s...

  2. Earnings Season Revs Up Next Week

    Investors will have their hands full digesting company earnings next week, the busiest of the second quarter reporting season. Nearly one-third of the companies that...

  3. Market Wrap for Thursday, June 13: Strong Economic Reports Trigger Stock Rally

    Despite continued volatility around the world, particularly in Japan where the Nikkei fell more than 6 percent, the U.S. market rallied sharply on Thursday on the ba...

  4. Gannett to expand in TV with $1.5 billion Belo purchase

    Gannett Co Inc, the largest newspaper chain in the United States, agreed to pay $1.5 billion in cash for television company Belo Corp, with an aim to making broadcas...

  5. Gannett Grabs TV Company Belo in $1.5B Deal

    In a move that will nearly double its broadcast portfolio, USA Today owner Gannett (NYSE:GCI) inked a $1.5 billion transaction on Thursday to acquire TV company Belo...

  6. Gannett to buy Belo for $1.5 billion

    Media company Gannett Co Inc said on Thursday that it agreed to pay $1.5 billion in cash to buy Belo Corp and assume $715 million in debt, giving television company ...

  7. Gannett To Acquire Belo Corp. For $2.2 Billion

    Newspaper-and-media chain Gannett Co. Inc. will acquire television-station operator Belo Corp. in a deal valued at $2.2 billion, including debt, the companies announ...

  8. U.S. Newspaper Circulation Eases Again

    Average daily circulation at the U.S. largest newspapers declined in the six months ended March 31 from a year earlier, despite growth at the two largest papers, as ...

  9. Gannett's Adjusted First-quarter Profit Tops View

    Gannett Co. , parent of USA Today, said Tuesday that its first-quarter profit rose to $104.6 million, or 44 cents a share, from $68.2 million, or 28 cents, a year ea...

  10. Gannett Reports Revenue Ticks Up 1.6% to $1.24B

    Gannett Co Inc reported higher first-quarter revenue and profit on Tuesday on strong broadcast and digital revenue.Total revenue rose 1.6% to $1.24 billion, about in...

  11. Why I'm holding on to Apple

    What a quarter!  Nothing like what any of the pundits predicted. The S&P 500 Index (SPX) was up about 10%, the Dow Jones Industrial Average (INDU) was up over 8%, an...

  12. Revisiting Beating Buffett With ETFs

    Given that the Berkshire Hathaway (NYSE: BRK-A) equity portfolio is currently comprised of more than 40 securities, many investors face a daunting task when it comes...

  1. Week Ahead: Jobs Report and a New Fed Chief

    The release of the January jobs report next week may draw attention away from turmoil in emerging markets.Also on tap is the historic swearing in of Janet Yellen as ...

  2. AOL's Patch May Be Dismantled: Source

    AOL (NYSE:AOL) shopped its Patch news service for more than a year to various media companies before reaching a deal with private equity firm Hale Global for what's ...

  3. FCC Withdraws Proposal To Relax Media Ownership Rules

    The U.S. Federal Communications Commission has withdrawn a proposal to relax the ban on owning several media outlets in the same media market, an FCC official said o...

  4. USA Today Goes Local in 35 Papers

    USA Today, nicknamed "The Nation's Newspaper," is getting local.Gannett Co, the parent company of the nationally distributed newspaper, announced on Wednesday that i...

  5. Gannett Posts 4% Decline in Third Quarter Revenue

    Gannett Co Inc reported a 4 percent slip in third-quarter revenue to $1.25 billion on Monday because of declines in advertising sales, mainly at its newspaper proper...

  6. Week Ahead: Finally, the Jobs Report

    The September jobs report is out Tuesday, delayed by more than two weeks due to the partial government shutdown. A slew of third-quarter earnings are also due next w...

  7. Dipping Ad Sales Drive Gannett's 2Q Profits Down 5%

    Gannett (NYSE:GCI) posted a 5.2% dip in second-quarter profits on Monday as the owner of USA Today grappled with more weakness in newspaper ad sales and higher restr...

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