Staying Informed

McClatchy Announces Agreement To Sell Its 25.6% Stake In To Gannett

SACRAMENTO, Calif., Aug. 5, 2014 /PRNewswire/ -- The McClatchy Company (NYSE-MNI)said today that it, along with the remaining partners in Classified Ventures, LLC (CV), have entered into a definitive agreement to sell their entire stake in CV to Gannett Co., Inc. (NYSE-GCI) for a price that values CV at $2.5 billion. The transaction is expected to close before the end of 2014, subject to normal ...
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