(Reuters) - Gannett's price-to-earnings ratio is the lowest in the newspaper industry with a share price that is about 12 times estimated 2007 profits, Barron's said. It noted that real estate mogul Sam Zell's buyout offer of $34 per share for Tribune is 17 times that company's estimated 2007 earnings per share.
Because of Gannett's $13.2 billion market value and its $5 billion debt, the newspaper said the publisher was not a likely candidate for a leveraged buyout.
Read more at Reuters.com Mergers News
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