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Gannett Co., the media company, was in a similar predicament recently. Its broadcasting and digital businesses were doing OK, but its print publications were i
by jawns 11y ago
Gannett Co., the media company, was in a similar predicament recently.
Its broadcasting and digital businesses were doing OK, but its print publications were in horrible shape.
So it split into two companies: TEGNA (TV/digital properties) and Gannett (newspapers).
In Yahoo's case, its stake in Alibaba was propping up the company. Now that Alibaba is a separate entity, I imagine that we can learn a lot about what Yahoo's fate will be by watching how Gannett has operated since its spin-off.
Interestingly, since the split in July, Tegna shares have plummeted after an initial small rise, whereas Gannett shares have remained roughly even:
https://www.google.com/finance?q=tgna%2C+gci&ei=DF3HVvjMA4TkmAGZ3JXQBg https://www.google.com/finance?q=tgna%2C+gci&ei=DF3HVvjMA4Tk...