Friday, February 23, 2018

Media: "Newspaper company Tronc eyes buying TheStreet"

We haven't looked at The Street stock (TST) since last March, thinking that, as deer nuts (under a buck) it wasn't something for the blog but damn, it's up from $0.68 to $1.42 last.
Go figure.

From Talking Biz News:
Newspaper company Tronc is exploring whether to make an offer to purchase financial news company, reports Keith Kelly of the New York Post.

Kelly writes, “Tronc had looked at TheStreet in the past, sources said, but Cramer’s 22-year-old operation was struggling at the time. TheStreet, in fact, was warned by Nasdaq in late 2016 that its stock could be delisted since its shares had traded below $1 for more than 30 days in a row.

“In addition, the last time Tronc came kicking the tires, TheStreet still had a prohibitively expensive block of $55 million in preferred stock from Technology Crossover Partners on its books....MORE
Also at Talking Biz News:

Scaggs gets new beat at Financial Times
Fnancial Times reporter Alexandra Scaggs is now covering corporate fixed-income markets for the Alphaville blog and paper.

Scaggs has been at the FT since June 2016 as an Alphaville columnist.

She previously worked at Bloomberg News from February 2015 to June 2016, covering the government bond market....MORE
Part of our intro to her Wednesday post "US companies might be liquidating their offshore bond hoards" we said:
Alexandra seems to be one of the few journos bulldogging what for market operators is a pretty important story....