Gannett Company's (GCI) is no longer pursuing an acquisition of Tronc (TRNC) , which owns The Los Angeles Times and Chicago Tribune. "Tronc is a very problematic company and the guy who runs it is on the wall of shame for Mad Money," says TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer, referencing his program on CNBC. "He walked away from a bid." Shares of Gannett rose 0.8% on Tuesday in midday trading. Tronc, which used to be known as Tribune Publishing Company, saw its stock plummet roughly 16%.
More from Video
One Tweet Pulls the Rug Out From Under the Indexes
Despite the president's promise of no stimulus until after Nov. 3, there are no signs yet that this is the sort of correlated selling that leads to a deep correction.
A Technical Look at the New Dow Jones Industrial Average
Salesforce, Amgen and Honeywell will give a lift to the DJIA going forward.
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.