Latest Asset sales News

3 Vermont papers and a magazine sold to media company

May. 04, 2021 18:10 PM EDT

BRATTLEBORO, Vt. (AP) — A Massachusetts newspaper company is selling its three Vermont newspapers and a magazine, the company announced Tuesday. The Pittsfield, Massachusetts-based New England Newspapers Inc., announced i t was selling the Brattleboro Reformer, the...

Verizon sells internet trailblazers Yahoo and AOL for $5B

May. 03, 2021 15:33 PM EDT

AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will sell Verizon Media, which consists of the once-pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that...

Meredith to sell TV station division to Gray Television

May. 03, 2021 14:20 PM EDT

DES MOINES, Iowa (AP) — Magazine publisher and multimedia company Meredith Corp. said Monday it will sell its Local Media Group consisting of 17 television stations to Gray Television Inc. for $2.7 billion in cash and will focus on expanding its print and digital magazines business. ...

In Jaffa, gentrification stokes discord as Arabs pushed out

Apr. 28, 2021 09:10 AM EDT

TEL AVIV, Israel (AP) — A turreted former Catholic girl's school in Jaffa is being transformed into an exclusive Soho House club. Around the corner, a historic ex-convent is now a five-star hotel. Across the street, the glittering towers of the Andromeda Hill luxury residences overlook the...

Saudi crown prince defends austerity steps, social loosening

Apr. 27, 2021 20:46 PM EDT

DUBAI, United Arab Emirates (AP) — Crown Prince Mohammed bin Salman laid out a vigorous defense of his domestic policies and the thinking behind his push to transform Saudi Arabia economically and socially during a wide-ranging interview broadcast across Saudi television channels late...

NZ Rugby debates selling All Blacks share to US investors

Apr. 27, 2021 20:40 PM EDT

WELLINGTON, New Zealand (AP) — New Zealand Rugby will face a momentous decision on the future of the All Blacks at its annual meeting Thursday, when it debates whether to sell a stake in the commercial value of the national team to American investors. New Zealand’s 26...

Italian arms firm Leonardo buys stake in Germany's Hensoldt

Apr. 24, 2021 08:32 AM EDT

BERLIN (AP) — Italian arms manufacturer Leonardo said Saturday that it is buying large stake in Germany company Hensoldt from the U.S. investment firm KKR. Leonardo said it paid 606 million euros ($733 million) for 25.1% of shares in Hensoldt, which makes military...

Utility to build $250M gas-fired power plant in Montana

Apr. 21, 2021 15:12 PM EDT

BILLINGS, Mont. (AP) — NorthWestern Energy has announced plans to build a $250 million power plant in Montana as part of an effort to increase its power capacity in the state. The utility announced plans Tuesday for the 175-megawatt gas-fired power plant in Laurel,...

Arizona Daily Sun to outsource printing for newspaper

Apr. 14, 2021 18:32 PM EDT

FLAGSTAFF, Ariz. (AP) — The Arizona Daily Sun is shutting down its printing press and outsourcing the work to a facility in metropolitan Phoenix, the newspaper announced Wednesday. The move will take place in mid-May, and the 20,000 square-foot building that also houses...

Germany's Bild newspaper to launch television channel

Apr. 12, 2021 05:58 AM EDT

BERLIN (AP) — Germany's biggest-selling daily newspaper, Bild, plans to launch a television channel that will go on air before the country's election in late September, its publisher said Monday. Publisher Axel Springer said that the core of the new Bild channel's...