Guild has mystery backer to buy Philly dailies
The biggest guessing game this week in the turbulent Philadelphia newspaper wars is the identity of the money behind a bid by the Newspaper Guild of that city to stop the madness and buy the...
View ArticleMaxim owners sue over bungled buyout
Maxim’s parent company has sued media mogul Calvin Darden Sr. over the $31 million buyout of the glossy men’s mag that was bungled by his alleged scammer son. In a lawsuit filed Thursday in Manhattan...
View ArticleCarlyle Group drops Acosta into its shopping cart
Carlyle Group, which has already led two of the year’s biggest buyouts, is nearing a deal for supermarket specialist Acosta Sales and Marketing for as much as $5 billion, The Post has learned. The...
View ArticleTimes loses veteran media reporters in latest buyout round
Longtime New York Times advertising columnist Stuart Elliott is among the 80 newsroom staffers who plan to take voluntary buyouts. The Gray Lady’s media coverage has been particularly hard hit by the...
View ArticleCity schools leaving ‘disturbing’ number of kids ‘unsupervised’
Complaints are soaring that young tykes are being left on their own in public schools around the city — with one kindergartner forgotten during a class outing at a Chuck E. Cheese’s, according to a...
View ArticleKKR, Hellman & Friedman sniff out Petco for potential deal
Buyout shops KKR and Hellman & Friedman are sniffing around Petco, The Post has learned. The private equity firms made preliminary offers for the pet supply chain last week and, so far, are seen as...
View ArticleNew York Times offers voluntary buyouts in video department
Despite its push into digital media, the New York Times said it is offering voluntary buyouts to its entire video department — which currently has about 75 staffers — while it looks to revamp the...
View ArticleBuyout firms expected to bid more than $4B for Petco
The auction sale of the nation’s No. 2 pet-supply chain is turning into a real dogfight, The Post has learned. Petco Holdings, which operates about 1,300 stores across the US, has attracted two...
View ArticleDaily News sports editor quits after just weeks on the job
There is more turmoil ahead for the embattled Daily News owner. Only 10 weeks after taking the helm as sports editor of the circulation-challenged tabloid, Bill Price is exiting to become...
View ArticleAiling Avon sells majority stake in North American business
Avon, the nearly 130-year-old cosmetics company that got its start peddling perfumes door-to-door, is selling the majority of its North American business. The New York-based company said Thursday that...
View ArticleConsumer Reports’ unionized staff approves buyout package
Consumer Reports’ unionized editorial workers overwhelmingly approved a new agreement that will allow for an undetermined number of voluntary buyouts of employees with more than 10 years of service....
View ArticleDozens of New York Times journalists take buyouts
At least 50 unionized journalists have taken a buyout at the New York Times. It could not be learned how many non-unionized workers — also offered a package — had accepted. The deadline was July 17....
View ArticleNew York Times may face another round of buyouts
The New York Times appears to be working on another buyout program. While it has been widely reported that 50 staffers who were represented by the NewsGuild of New York took the buyout on July 17,...
View ArticlePrivate equity firm bosses to get $370M windfall in Caesars mess
Caesars Entertainment’s private-equity owners may end up bankrupting the entire company, but they will still have made hundreds of millions on the deal. Top managers at Leon Black’s Apollo Global...
View ArticleSignet Jewelers gets a lifeline after disappointing results
On second thought, maybe spending like a bunch of drunken sailors on stock repurchases wasn’t such a good idea. Signet Jewelers, its sales, margins and profits slipping in the second quarter, finished...
View ArticleSpeculation about Twitter’s sale hurting ability to make a deal
Wall Street is betting that Twitter will get sold — and that’s hurting Twitter’s chances of getting sold. Twitter’s board met Thursday afternoon on topics including a possible sale, but no formal...
View ArticleFirms are passing up chance to buy 650 Walgreens amid merger
Private equity firms are not swallowing the remedy for a giant drug-chain merger being served up by the Obama administration, The Post has learned. Firms are passing on the chance to purchase 650...
View ArticleAngie’s List may seek buyer as sales slump continues
Angie’s List may be seeking a partner or a buyer after watching its sales slide for more than a year. The Indianapolis company reported disappointing third-quarter results on Tuesday but shares surged...
View ArticleTech mogul plays ‘chicken’ with feds over $1.6B buyout review
Billionaire tech investor Robert Smith this week took the unusual step of challenging the Department of Justice, The Post has learned. The agency’s antitrust regulators this week asked Smith’s private...
View ArticleDaily News continues to lose key staffers as rumors swirl
There was a veritable stampede for the exits by Daily News staffers applying for voluntary buyout packages — including a lot of masthead names. Rumors are swirling that involuntary cuts will soon...
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