Tribune Publishing and McClatchy Company announced today that, through one of its subsidiaries, Tribune Publishing has acquired McClatchy’s 50% ownership stake in McClatchy-Tribune Information Services (MCT), the news and information business operated as a joint venture of both companies.
The E.W. Scripps Company (NYSE: SSP) today reported operating results for the first quarter of 2014.
The Annual General Meeting of Schibsted ASA was held on 7 May 2014 in the Company’s premises at Apotekergaten 10 in Oslo.
The World Association of Newspaper and News Publishers (WAN-IFRA) today announced the launch of the Emerging Markets Webinar Series, weekly one-hour virtual workshops on editorial and mobile topics for its past and present media development project participants and other interested parties.
Today, Schibsted Media Group released its Q1 2014 report, showing operating revenues of NOK 3.71 billion. The Online classifieds segment increased its revenues underlying with 14 percent, 19 percent excluding Spain.
Frontier Communications Corporation (NASDAQ: FTR) today reported first quarter 2014 revenue of $1,154.0 million, operating income of $226.0 million and net income attributable to common shareholders of $39.3 million, or $0.04 per share. Excluding acquisition and integration costs of $10.6 million, acquisition-related interest expense of $7.5 million and severance costs of $0.4 million, partially offset by discrete tax items of $2.9 million (combined impact of $9.1 million after tax), non-GAAP adjusted net income attributable to common shareholders for the first quarter of 2014 is $48.4 million, or $0.05 per share.
Axel Springer Digital Classifieds (ASDC), the joint venture of Axel Springer and General Atlantic, acquires 100 percent of Coral-Tell Ltd. The company operates the leading classifieds portal yad2 (yad2.co.il) in Israel. The purchase price amounts to approximately EUR 165 million. The completion of the transaction is subject to approval by the competent authorities.
