gannett spun off the digital companies into a new branch.eing the journal communications group that gannett bought. we have seen a lot of puzzle pieces moving and then coming back together to create streamlined newspaper companies. david: gannett has been an inquisitive company, buying up a lot small and regional papers. a have had a pattern of crosscutting. >> they have. that is where they try to drive the shareholder value. it is the acquisitions that seem to be the strategy. matt: i just noticed on and they go, a great function on the bloomberg, it can to use so much -- i put it on the timeseries tab and click on the just media deals and the media deal count has stayed relatively level over the last five years, it only takes here because it is q2 and we are not done with q2. 2014, media deals got very expensive. a little bit more into those of 15 but they have come down substantially. i wonder why this is? >> we have seen a reality check over the past few years that digital is around to stay. and so i think that has injected urgency and t

gannett making a bid for the group.hey may want the latest products and services, but they demand the best shopping experiences. they're your customers. and by blending physical with digital, cognizant is helping 8 of the 10 largest u.s. retailers meet their demands with more responsive retail models... ones that transcend channels and locations, anticipate expectations... creating new ways to engage at every imaginable touch-point. it's a new day in retail, and together, we're building the store of the future. digital works for retail. let's talk about how digital works for your business. >>> getting breaking news. back to dom chu. >> we have tom brady, new england patriots quarterback tom brady's suspension is going to be reinstated per a u.s. appeals court ruling. this according to a reuters report. the u.s. appeals court is going to reinstate tom brady's suspension over the deflate-gate issues. the second circuit court of appeals says the nfl commissioner roger goodell has especially broad power to discipline improp

but this morning it is in receipt from the bid of gannett.t of a bid of $12.25 a share in cash from that company to acquire it. this made public this morning by gannett in what we typically call a bear hug after a series of letters, most of them coming from gannett, the first on the 12th of april and follow-up on the 18th and finally one on the 22nd saying, come on, guys, don't you want to talk to us? actually the tribune response was also on the 22nd saying give us a little more time. our shareholder meeting is june 2nd. by the way we're in the midst of a transformation right now. a gentleman by the name of mablg is the new chairman of the company, he bought let's call it little over $40 million worth of stock in february he paid $8.50 a share for that. he took over as chairman. he is i believe the single largest shareholder at tribune at roughly 17%. he is now above that of oak tree, the firm that took their equity ownership as a result of owning the bonds in what was once the bankrupt tribune, remember. and then it split into the broadcast

gannett also up yesterday.y come back say it's not enough to address the inaccuracies in your letter with respect to the last few weeks, and we won't, although we do feel we have to spend a paragraph talking about one thing which is some social dinner at a convention. that's where they are. they're going back and forth about dinner plans. >> what about this timing? andrew mentioned it this morning in his piece about the board members and this is the time to act? seems like the board is going to be very much in the hands of the tribune -- new tribune management. >> new tribune management. the annual meeting is june 2nd. they have no ability to influence the direction of the directors. they missed that proxy window at gannett. but they knew that. they wanted to make this public. it's significant premium as everybody knows over the stock price as it was prior to this becoming public. and it's a decent multiple of 5.6 times. >> i thought so. kind of perrigo like. >> it would create the largest publisher in the coun

tribune has not publicly responded to the gannett proposal. heather: a new program to tell you about that helping six children get the treatment they need and get it fast. dozens of public schools in dallas are using something called telemedicine equipment on campus. that's allowing doctors to treat children from miles away. casey spiegel is live in dallas with more on the plan. hi casey. translator: reporter: this is not just in dallas, this is also in other surrounding schools around north texas. boy have times changed. typically when a child gets sick at school, we know a parent often has to leave work and then you spend hours trying to get into the doctor, wait for a doctor or at a pharmacy for a prescription to be picked up but that could soon be a thing of the past with this new high-tech approach to healthcare. children's health systems in north texas rolling out a telemedicine program where students get sick, they go to the school nurse and instantly their videoconferencing with a pediatrician or nurse practitioner. virtual scopes and

the newspaper giant "gannett" has made a bid for tribune publishing. the tribune publishing company owns the l-a times.. the san diego union tribune.. and many other newspapers. vo gannett is best known for usa today but also owns local newspapers like the detroit free a lot of other newspapers. best known for "usa today," but also owns local newspapers like the "detroit free press." ganette is offering $815 million to tribune, 60% more than wall street thinks the company is worth. that's brand-new this morning. we'll continue to watch it. >>> a new study says if department stores want to survive, they need to have fewer stores. green street advisers says macy's needs to close 70 more stores. it's already closed hundreds. but jcpenney is the worst off. the store chains respond they're still profitable, even if they're not making as much per store as they used to. the report says obviously online buying is one of the causes of department store problems, but not the only one. brands like apple and nike and levi's have opened their own stores and no longe

gannett wants to buy tribu company, 12.25 a sharen cash.rice tag. 63% higher than the closing price on frida e news is sending the stock in a big way. ibunowns "the l.a. times" d "chicago tribune." it says it is reviewing the proposal. >>> big news in thgoogle plex. the search giant reportedl create anew in-house startup inbator called area 120. according to t information it uld be a place for googlers art new companies without receivg google, and potentlly receive google's investment money. >>> na launching a program to build efficient ples. they will genete5% less pollution and half the fuel d lf as noisy as commercial planes are today. neil? neil: th i is interesting. >> i thought so totoo. neil: meantime we'e're still following g donaldldrump at a rally in warwick, rhode island. comments he has s been making ov the top. cacalling ted cruz lyin' ted. he advanced d to john kasich saying he is horrible eater. hehe puts a whole pancake in his mouth. thininking to myself, is thihis acting presidential? is this the kind of thing thesee new tr

gannett says the move would co."the new york times" has a surprising wedding announcement from former pennsylvania senator harris wofford. he says he plans to marry a man 20 years after the death of his wife of 48 years, he was married to her. his fiance is 50 years his juni junior. he said he done expect to see same-sex marriage equality in his lifetime. the wedding is scheduled for saturday. guys, i have no so many questions. where to begin. >> if you read it, the power of love. >> yeah. the power of love. lot of questions there. of his albums were sold. i guess we all woke up to how wonderful he is. >> how much better he is at his songs than we are. >> we're learning that a lot now, too. >> all so true. >>> the 2016 presidential election season is a gold mine for "the nightly show with larry wilmore." when candidates are on the left or right, they're at the center of his economy. >> candidates know the way to new yorkers' hearts is through their stomachs. they've been spotted eating hot dogs, italian food, more i

gannett owns "usa today" among other publications.gannett says the move would deliver substantial benefit for the combined company. tribune publishing has yet to respond to our requested for comment. >>> "the new york times" has a surprising wedding announcement from former pennsylvania senator harris wofford. he says he plans to marry a man 20 years after the death of his wife of 48 years, he was married to her. his fiance is 50 years his juni junior. he said he done expect to see same-sex marriage equality in his lifetime. the wedding is scheduled for saturday. guys, i have no so many questions. where to begin. >> if you read it, the power of love. >> yeah. the power of love. lot of questions there. >>> and "usa today" has details of the surge in the sales of prince's music. more than two million prince songs were sold in the three days after his death last week. more than 570,000 albums snapped up in the same period. "the very best of prince" made up nearly half of the sales and is number one on the billboard charts in the three da

gannett is the biggest print and digital news company in the u.s.arly it wants to get bigger. >> more consolidation across that space. less than half an hour to go in the session. it must be a central bank week because all the indexes are up by the same amount. >> i think we'll look for more fiscal stimulus. >> down i should say. >> bank of japan will be the one that we'll focus on. they have to continue with the negative rates. we're looking ron fournier fiscal stimulus. we had some bearish numbers out of oil. you expect oil to be down much more than a dollar based on if kuwait will increase production by almost doubling their production, iraq by a million barrels, saudi arabia still producing at high levels. >> basically you think it's a lot of bearishness but expectation of central banks delivering. >> only 21% increase that we're looking for a june rate hike here in the u.s. we're seeing money managers chasing the return and that's what's holding the market up. friday was an example where earnings didn't dictate what the market was doing. we sho

gainer of the day in the stock market is tribune media company, the stock up 55% after rival publi er gannett offered $815 million to buy the publisher of the likes of the l.a. times, the c lcago tribune, the orlando sentinel and locally here the hartford current. the newspaper business is these days. on friday, tribune, which owns all these famous newspapers was only worth $238 million. that is considered a small cap stock on wall street. we'll see what this deal does for the newspaper business. and you all know that ge makes things like wind turbines and lightbulbs. now it makes a hot sauce. and are you ready? the idea is to highlight ge's technological ability to produce ecofriendly jet engines that operate at ultra high temperatures. the limited edition hot sauce is called 10 to the 32nd kelvin. if you remember high school physics, that's the temperature at which all matter breaks down. how hot is this hot sauce? tabasco sauce is rated at 3500 heat units. one of the peppers in ge's hot sauce is measured at over 2 million heat units. open it and don't spill it on clothing because it might

gannett says let us know where and when you'd like to meet we can provide your shareholders with theh the tribune. i can tell you exactly. one side tribune says there was a dinner and you canceled the dinner and that represents a problem. however, the dinner had nothing to do with the negotiations. the dinner had been scheduled by some effectively lower-level employees prior to gannett making after offer to tribune. once the offer went in they canceled the dinner because it nothing to do with it. the people going to the dinner didn't know anything about the offer. >> right. >> now, of course, tribune turns around and says, well, you canceled the dinner. it's like a little bit of a high school situation here. but everybody is lying to each other. >> there are a lot of -- >> i would put on the tribune side more -- >> there are a lot of bad deals that are done. >> yes. >> if you go back and somebody writes a book, maybe yourself, andrew, about the best deals of all nitime. how could you not putting knight ritter selling to mcklatchy as one of the best deals of all time. it was a $71 sto

gannett is best known for "usa today" but also owns papers like the "detroit free press." 63% more than wall street is worth and that is brand-new this morning. we'll continue to watch it. >> a new study says if department stores are going to survive, they need to have fewer stores. green street advisors says macy's needs to close 70 more stores. jcpenney. advisors said it feeds to close 320 stores. the store chains respond they are still profitable even if not making as much money per store. that report says obviously online buying is one of the causes of department store problems but not the only one. brands like apple and nike and levi's created their own stores. >>> apple, facebook and twitter reveal earnings and the fed meet for its regular interest rate meeting. tomorrow i'll have the latest san francisco house prices for you. we've been watching secure works, the first big ipo to hit the market friday. it's up a penny. >>> the temperature is not going up today. you are feeling the chill in the air. a taste of not winter. >> fall. do we need to dust off our heavier c

dishonest to claim the company's labels primula and informal as pedantic when they say it is not for gannettt 11 synthetic ingredients that are not allowed by federal law and organic products and also says the ingredients have not been assessed. >>mark: the home owner of a spot the the id to which economic construction that expert was able to get the kid out of the house they say is amazing season it was going around looking for make when it got stuck inside of home. >>anny hong: will tell you when investigators found inside of the musicians home that story coming up after the break. >>mark: without the features are down zero hundred and 50 points right now. >>james: we are at sunrise this morning here is we do need to know the high should be right there in the lower to upper 80s a few spots like it to the 80 degree mark looked of the '70s this weekend sunny warmer still scattered in a lot more community getting into low 80s >>robin winston: it is in san ramon overturned a big red so far no made to the latest episode early it is on the on ramp so it looked at the map will have an arrow point

gannett made an offer to buy tribune today.fered $815 million to buy tribune which owns the l.a. times, the chicago tribune and other newspapers. the offer price is about five and a half times what tribune is expected to earn this year. tribune's ceo says the offer was a surprise but that the board will consider it. >>> now here's a look at today's closing numbers and we have red arrows across-the-board. the dow under 18,000 today closing down 26 and a half points. the nasdaq on a three-day posting of loss here, down 10 and 44 points, the sunday 500 is down nearly four points. >> from our delaware news room local veterans had a chance to get help directly from a congressman today. representative john kearny held veterans office hours today at the delaware national guard joint force headquarters in new castle. he and his staff took questions from vets who need help on a wide range of issues including jobs, healthcare and filing claims. this was the last in a series of three events held by kearny. >> the investigation continues i

initially the core around because we see some sunshine heading the deck of this one of the cause of the gannettd in the sunshine and brown was lent turned 64 level more might touch 70 degrees in concord in the south the 70 is want to be pretty popular number adjutancy san jose campbell cupertino all that the peninsula for cash not bad at the 63 as san francisco downtown 1 to 68 as it is down toward, auto to pretty nice looking forecast. >>robin winston: looking a whole lot better pretty moderate in the san mateo bridge go hand out the most of the heaviest commute traffic is out of the way over to get it bridge who live look at the golden gate bridge with you're ride into and out of san francisco and is not bad it is not to enter free no problem for park presidio 21 minutes for no. 11 in san jose and sunnyvale the great drive no problems right now out of the santa cruz mountain. >>mark: police to try to figure out how it got on the bridge he is healthy and in good condition and there but looking for place for a permanent home for him public safety officials received call the go from under ron of

else, where we're offering to buy gannett for 14 million in cash.t pharma is hiring joe poppa. that is sending the charge. the nakt they had guidance cut. so the guy leaves paragot. they cut guide ansz. they're going to a company that has a lot of issues. but parago is down. >> he has a the love problems. steve madden had a spectacular rise and then a big fall from grace. and now he's making it again. janz wells has that storey. jane? >> hey, me list yachlt you know, steve madden got the first job in a shoe store at age 16. he started his own company with $1100. sales most recently were a billion and a half dollars. but somewhere between 1100 and $11.5 for a stint in prison for securities fraud. so here's his advice. we're going from rags to riches to prison and back again to success. >> when you're in prison, you're not thinking about shoe styles. >> there some short cuts and stuff i'm not proud of. and i wish i hadn't been involved. but since i've been back, the company has exploded. i had so much energy which i came back. i was worried, you know,

gannett isffering 815 mimillion to buy tribune publishing liz: picking up marquee inn los anangeles andando-- >> do yoreize how big of a news item that woulde 15 years o? a drug maker called perrigo, new y in, , a guy-- it's s a guy. do you like taking oral medications, le if you had to ke a pill. would you ther have alternative? >> yes. >> it's base ireland and one of the hotte drug companies, it's generic, how to give medicication to people who can't particular pilills. there's a a lot of concerns abot the earninings, a lot of concers abouththe market overall, obamacare. theyey're targeting u.s., they want to make drugs f u us, and they're ncncned about the reregulatory envonment. stuart: i've got another one for you, goldmanachs starting bankccounts for ordinary peop, you and i. >> y. uart: what is , digital? >> for $1 you can ha a digital savingaccount and you can have an account golan sachs. this is goldman, normallllyou have to be aillionaire or mark zuckeerg or something, i can write a check to stuart varnrney from my account. stuart: it's something like the savings ssbook. >> th

. >> quick on the gannett news. they sent a letter back to tribune saying give us until june 2nd.hareholder meeting then and want to evaluate it. a little bit is a bear hug. they didn't reject the offer. they said give us time. they're hiring goldman sachs and want time to think about it. having said that, it doesn't sound like they're ready to do this. >> and the sad part about this story if we weren't in the media, we wouldn't mention this deal because tribune's market cap is $200 million -- >> baby company. >> yeah. it would never make our radar. because it's media. >> also because the properties involved. >> the other question is whether this will push somebody else to show up. a couple of properties out there. >> the stock is up 62%. it's already all the way up. >> you get in on the action? >> trying to figure out what extend nups have the model. in that regard, these are interesting. the new york times we referenced it yesterday had a story about the gilded age and how the 1% are separating themselves on cruise ships. and you have billionaires buying up the newspapers. >> al