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Indeed, the different approaches of the newspaper divisions of the two companies can be illustrated by their respective cash flow margins on the eve of the merger.
Tribune Company is going private, Belo and Scripps are hiving off their underperforming newspaper divisions, and every month, the industry's finances get worse.
The media group said that handy performances at its cable-television and newspaper divisions offset a tougher year for its film-production unit.PeopleSoft optionPeopleSoft rejected a sweetened takeover offer of $9.4 billion from Oracle.
Analyst Jonathan Barrett of Singer pointed out that the company's share price has risen in recent weeks, following the arrival of Fox and the announcement of a cost-saving merger of the national and regional newspaper divisions.
Just turn to the Economist of a few days ago and see what the phone-hacking furore and subsequent putative separation of News Corp into entertainment and newspaper divisions has meant out there on the stock exchanges: the "A" shares up 53% in a year and changing hands at $25 a time – the best since before credit crunching began.
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The WashingtonPost Co.'s newspaper division continued to struggle.
Mr. Irish has headed the newspaper division since 1998.
Gannett said the newspaper division had revenue of $1.04 billion, up 4 percent from $1 billion last year.
Revenue declined 4 percent at the newspaper division, which includes dozens of dailies and weeklies.
But over all, newspaper division revenue declined by 4 percent to $127.3 million.
Steven R. Swartz was promoted from within to run the company's troubled newspaper division.
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