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JPMorgan Chase Becomes Gannett's Largest Stakeholder

Discussion in 'Journalism topics only' started by Prince of Persia, May 12, 2010.

  1. Former Gannettoid here who know works for a trade publication that covers the payments industry. This little nugget of news came over my work Twitter feed last night.

    Chase says "better days are ahead for the slumping newspaper industry", which is why they made the investment.

    You have to wonder how much influence Chase might have in the Gannett empire. While that empire is weaker, it's still spread from coast to coast.
  2. Ace

    Ace Well-Known Member

    I hope this is good news.
  3. Or they could be driving the price up and then dump it.
  4. But why would a bank get involved in this industry, whether it was going well or poor?
  5. Ben_Hecht

    Ben_Hecht Active Member

    . . . hard to believe that a measure of policy influence via fiscal might isn't in play, here.
  6. BTExpress

    BTExpress Well-Known Member

    JPMorgan Chase likely will be Tribune's largest stakeholder once ink on the bankruptcy agreements is dry.

    Creditors get 91 percent of the company, and Chase was a senior creditor.
  7. BTExpress

    BTExpress Well-Known Member

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