Thomson Reuters To Buy Privately-held Breakingviews - Update
10/14/2009 1:19 PM
ET
Wednesday, information and media company Thomson Reuters Corp. (TRI,TRI.TO), said it has made an offer to buy privately-held provider of online financial commentary Breakingviews.
Though financial terms of the deal were not disclosed, the transaction is expected to be complete within eight weeks. The deal has been accepted by Breakingviews' directors,...
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National Amusements To Sell Stake In CBS And Viacom - Update
10/14/2009 10:00 AM
ET
National Amusements Inc. or NAI, a theater chain controlled by Sumner Redstone, announced Wednesday that it is selling a portion of its stakes in CBS Corp and Viacom Inc., with an aim to pay off its debts. NAI, which has controlling interests in the common stock of CBS and Viacom, expects to receive gross proceeds of about $600 million from Viacom stake sale, and about $345 million in the offering of CBS stock.
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McGraw-Hill Agrees To Sell BusinessWeek To Bloomberg- Update
10/13/2009 7:29 PM
ET
Tuesday, The McGraw-Hill Companies (MHP) said it agreed to sell BusinessWeek to Bloomberg L.P., with the transaction expected to close during the fourth quarter of 2009. Terms of the agreement were not disclosed. Agreement with Bloomberg will enable BusinessWeek to continue delivering outstanding business journalism to decision makers around the world.
The...
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Cablevision And CBS Corp. Reach Comprehensive Content Carriage Agreement - Quick Facts
10/9/2009 1:35 PM
ET
CBS Corp. (CBS.A, CBS) announced that it has entered into a comprehensive content carriage agreement with Cablevision Systems Corp. (CVC), under which Cablevision will continue to carry CBS programming and offer Showtime Networks' programming to Cablevision's three million subscribers in New York, New Jersey and Connecticut. In the New York metropolitan...
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Bankruptcy Court Approves Sun-Times Media's Asset Sale
10/8/2009 3:09 PM
ET
Sun-Times Media Group Inc. (SUTMQ.PK) said that the U.S. Bankruptcy Court for the District of Delaware approved the sale of substantially all of the assets of Sun-Times Media Group to STMG Holdings, LLC, a private investor group led by Chicago businessman James Tyree.
The total transaction is valued at about $25 million and is expected to close by...
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