Latest Private equity management News

Gannett: ‘Frontline’ reporting jobs will be last to get cut

Dec. 8, 2019 11:56 AM EST

NEW YORK (AP) — In November, newspaper publisher GateHouse completed its acquisition of USA Today owner Gannett, creating the largest newspaper publisher in the U.S. Executives behind the merger, which was funded in part by a high-interest, $1.8 billion loan from a private equity firm, have pledged...

US private equity firm buys $500M stake in City ownership

Nov. 27, 2019 4:39 AM EST

MANCHESTER, England (AP) — A U.S. private equity firm has bought a $500-million stake in the Abu Dhabi-controlled ownership group that runs Manchester City and other soccer clubs around the world. City says in a statement that Silver Lake now owns just over 10% of City Football Group, of which the English...

Sen. Merkley: Oregon should drop private prison investments

Nov. 26, 2019 6:38 PM EST

SALEM, Ore. (AP) — The Oregon state employee pension fund should drop its investments in two prisons companies whose facilities have been used to detain immigrants, U.S. Sen. Jeff Merkley says. Oregon has $2 million invested in two prison companies, even though Oregon pioneered statewide sanctuary status....

Hedge fund Alden becomes Tribune’s largest shareholder

Nov. 20, 2019 3:10 PM EST

NEW YORK (AP) — Hedge fund Alden Global Capital is now the largest shareholder of Tribune Publishing, the company that owns the Chicago Tribune, Baltimore Sun and New York Daily News. Alden, a hedge fund known for layoffs and slashing costs at newspapers it acquires, bought the 25% stake from former...

GateHouse, Gannett join, become largest US newspaper chain

Nov. 19, 2019 5:25 PM EST

NEW YORK (AP) — GateHouse closed its $1.1 billion takeover of USA Today publisher Gannett, becoming the country’s largest newspaper company by far and pledging significant cost cuts at a time when print publications are in precipitous decline. The merger brings together about 260 daily papers,...

Official: Oregon lags in socially conscious investing

Nov. 19, 2019 2:32 PM EST

TIGARD, Ore. (AP) — Oregon’s state employee pension fund is invested in an Israeli company whose smartphone spyware has been used against dissidents, human rights defenders and journalists by repressive regimes. It’s also invested in two prison companies that run immigrant detention...

Swift questions AMAs performance over fight with music group

Nov. 15, 2019 11:18 AM EST

LOS ANGELES (AP) — Taylor Swift said Thursday that she may not perform at the American Music Awards and may have to put other projects including a forthcoming Netflix documentary on hold because the men who own her old recordings won’t allow her to play her songs. “Right now my performance at...

Markets Right Now: Stocks fall on uncertainty over trade

Nov. 11, 2019 4:14 PM EST

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are closing slightly lower on Wall Street Monday as traders look for clarity on the status of trade talks between the U.S. and China. Comments from President Trump on Saturday created some uncertainty about...

Louisiana man admits to fraud schemes that raked in $29M

Nov. 5, 2019 1:32 PM EST

BATON ROUGE, La. (AP) — A Louisiana man has pleaded guilty to carrying out schemes that defrauded banks and private equity firms of $29 million. A news release from the U.S. Attorney's Office of the Middle District of Louisiana says 57-year-old Michael Allen Worley pleaded guilty Monday to bank fraud and...

Senate candidate Hagerty returning to investment firm

Nov. 5, 2019 4:35 AM EST

NASHVILLE, Tenn. (AP) — Republican Senate candidate Bill Hagerty is rejoining a private investment firm after previously leaving the business to serve as the U.S. ambassador to Japan. A Monday news release says that Hagerty will become a member of Hall Capital's automotive and private investment board. The...