J-Topics
Jul 09, 2007
- Posted by Heather
McCall
After Quebecor made a last-minute increase in its offer for Osprey shares, the Osprey board of trustees approved the bid, CanWest News Service reports. The new offer came after a judge rejected Quebecor efforts to block a competing offer from Black Press Ltd.
Jun 27, 2007
- Posted by Heather
McCall
(From Bloomberg.com) Osprey Media said it received a takeover bid of about $404 million from Black Press Ltd., topping a May 31 offer from Quebecor Media Inc. Osprey is giving Quebecor until July 5 to make an amended offer or they will pay the $15 million termination fee to cancel the deal. Black Press, based in Victoria, British Columbia, owns 150 community papers and 15 regional press operations.
Jun 27, 2007
- Posted by Heather
McCall
News Corp. and Dow Jones have agreed in principle on ways to ensure the Wall Street Journal's independence, according to sources close to the deal. The issue of the newspaper's editorial integrity had been a key sticking point in negotiations, and its resolution clears the way for sale talks to proceed.
Jun 20, 2007
- Posted by Heather
McCall
In its June 2007 newsletter, the Canadian Media Guild reviews month-by-month the changes in Canadian media ownership over the last year, and forecasts their impending (negative) impact on local news.
Jun 12, 2007
- Posted by Ivor
Shapiro
Rogers Media is buying the five Citytv stations CTVglobemedia Inc. was ordered to sell for approximately $375 million. The stations are in Toronto, Edmonton, Calgary, Winnipeg and Vancouver, where CTV already has conventional stations.
Jun 11, 2007
- Posted by Heather
McCall
Struggling with shrinking margins and uncertain prospects, newspaper companies have endured slumps in their stock prices in the past four years, making them ripe takeover targets. But bankers and analysts are skeptical that the takeover bids will continue up the food chain... This NY Times piece offers a contrary view from an earlier CNN.com story on the takeover trend.
May 18, 2007
- Posted by Paul
Benedetti
The Globe and Mail is reporting that Cerberus Capital Management is in talks with Shaw Communications Inc. and CanWest Global Communications Corp. to form a buying group to purchase BCE Inc. The New York-based Cereberus needs Canadian partners to avoid foreign ownership restrictions.
May 15, 2007
- Posted by Heather
McCall
(AP) Reuters has agreed to a $17.2 billion (U.S.) takeover by Thomson that would vault the combined entity ahead of Bloomberg to become the world's largest financial data and news provider.
May 15, 2007
- Posted by Heather
McCall
This CNNMoney.com story provides an overview of the recent wheeling and dealing between News Corp./Dow Jones and Thomson/Reuters and suggests why there may be more mergers on the horizon.
Media Ownership
It seems like everyone is wheeling and dealing in the media sector. In this section we've collected examples of these deals and explore the effects of changes in ownership. To browse through other topics of interest, visit our J-Topics section.
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