Spinoff creates two takeover targets

A key benefit for spinoffs is that the resulting companies often become attractive takeover targets for larger firms. That’s what happened to media firm Gannett, which split its newspaper and TV broadcasting operations in 2015. While one of those recent takeover deals has been cancelled,… Read More

Use these updates to enhance your returns

GANNETT CO. INC. $2.58 remains a hold. The company (New York symbol GCI; Conservative-Growth Portfolio, Consumer sector: Shares outstanding: 146.1 million; Market cap: $376.9 million; Price-to-sales ratio: 0.1; Dividend suspended in 2020; TSINetwork Rating: Speculative; www.gannett.com) merged with GateHouse Media, and its parent company New Media Investment Group… Read More

This takeover is still in limbo

TEGNA INC. $20 is still a hold. The company (New York symbol TGNA; Consumer sector; Shares outstanding: 222.9 million; Market cap: $4.5 billion; Dividend yield: 1.9%; Takeover Target Rating: Highest; www.tegna.com) owns 64 TV stations and two radio stations in 51 U.S. markets. The company took its current form… Read More

Use these updates to enhance your returns

GANNETT CO. INC. $5.31 remains a hold. The company (New York symbol GCI; Conservative-Growth Portfolio, Consumer sector: Shares outstanding: 142.3 million; Market cap: $755.6 million; Price-to-sales ratio: 0.2; Dividend suspended in 2020; TSINetwork Rating: Speculative; www.gannett.com) merged with GateHouse Media, and its parent company New Media Investment Group… Read More