Month: April 2015

In Spin-o Veritas? Symantec CEO Insists Spinoff On Track Amidst Sale Rumors

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Countering published reports that Symantec(SYMC) was shopping its Veritas unit for sale despite a previous announcement of a spinoff, CEO Michael Brown said in an interview that he is moving ahead with the spin. It is thought that the tax implications of a sale make it an unattractive option for shareholders. “That’s the plan, to spin it,” Chief… Read More »

TEGNA Time – Gannett Unveils Puzzling New Name For Future Broadcasting & Digital Business

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Last year, Gannett (GCI) finally decided to follow the pack and spin off its publishing assets into a standalone company. Given its storied history, the publishing group will retain both the Gannett name and GCI ticker, so the corporate braintrust had the opportunity to pick an exciting original name for its new digital and broadcasting business. Most people… Read More »