- 4-Week # shares sold: 6,916
- 12-Week # shares sold: 6,916
- 24-Week # shares sold: 6,916
Tronc's shares have slumped, its chairman has tried and failed to twice to acquire new properties for the newspaper publisher. Might this be time to restart with Gannett?
As rules on station ownership have loosened, Tegna is the biggest potential target around.
CEO Rich Battista said the layoffs are the result of shifting the publisher's emphasis online.
Shares in the magazine publisher fall after it cuts its dividend and pledges to sell certain assets to fund new digital ventures.