From a story in today's Chicago Tribune about Tribune Co.'s board extending the deadline for considering bids:
"Gannett may see special interest in Tribune because of their joint ownership of CareerBuilder. If Gannett were to take over Tribune, its CareerBuilder stake would give Gannett 85 percent ownership of the asset, which would allow it to carry CareerBuilder on its income statement instead of treating it as an unconsolidated minority position. As CareerBuilder grows, Gannett's ownership would be increasingly valuable.
"But a Gannett bid would also amount to betting big on newspapers, and bidders all along have said that the falloff in newspaper industry performance has made it difficult to predict what papers like the Los Angeles Times and the Chicago Tribune are really worth."
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
Note: Only a member of this blog may post a comment.