Media Sector

Towle & Co a Major Shareholder of Tribune Urges the Publisher to Consider Gannett’s Deal

Tribune Publishing has earlier rejected offers from Gannett but this time another major investor is calling for Tribune to consider the deal with Gannett. The move comes only a couple of days after Gannett increased its offer to $864 million to acquire the company.

NZME in talks with Fairfax for a possible merger

NZME in talks with Fairfax for a possible mergerFairfax New Zealand Limited and New Zealand Media and Entertainment are in talks for a possible merger.

Tribune Publishing’s Chairman Michael Ferro says ‘We’re not for sale’

Tribune Publishing’s Chairman Michael Ferro says ‘We’re not for sale’

Last month Gannett, the publisher of USA Today made a takeover offer for Tribune Publishing offering it $12.25 a share. The deal included $390 million in debt and was an all-cash deal that Tribune rejected.

Chairman of the Gannett Board of Directors, John Jeffry Louis, said that the rejection by Tribune confirms their board "never intended to engage with us."

Board backs CEO Mark Weldon of MediaWorks

Board backs CEO Mark Weldon of MediaWorksThe board of directors of MediaWorks have extended their full support to Chief Executive Officer, Mark Weldon following a troubled week in the organisation including the exit of Hilary Barry from TV3 this week.

El Salvador authorities raids Mossack Fonseca office

El Salvador authorities raids Mossack Fonseca office

The law enforcement authorities in El Salvador have conducted a raid on office of law firm Mossack Fonseca in Colonia Escalon on Saturday in connection with the "Panama Papers" leak.

Digital First Media Completes Acquisition of Two Freedom Communications Newspapers

Digital First Media Completes Acquisition of Two Freedom Communications Newspape

On Thursday, Digital First Media the parent company of Denver Post said it completed the deal of buying two of California's news papers, Orange County Register and Riverside Press-Enterprise. Those were both owned by Freedom Communications newspapers.

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