Welcome to Crash Course, a podcast about business, political, and social disruption and what we can learn from it.

I'm Tim O'Brien. Every week on Crash Course, I'm going to bring listeners directly into the arenas where epic upheavals occur and

I'm going to explore the lessons we can learn when creativity and ambition collide

with competition and power.

Listen to Crash Course every Tuesday on the IHeartRadio app, Apple Podcasts,

or wherever you get your podcasts.

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Avon Bloomberg.com. This is Bloomberg Surveillance.

Good morning at 730 on Wall Street.

I'm Michael McKee, along with Francine Lacroix today in for the vacationing Tom Keene.

Tom missing sort of a down day in the markets.

S&P futures off by two points right now, a tenth of 8%.

KKR, some financial is still reporting, lost for the first quarter.

Its biggest investment payments processor the first quarter. Its biggest investment payments

processor first data lost a fifth of its value KKR, uh... 65 cents a share short

of the average thirty three cents a major story story looks like it is breaking right now on the

Bloomberg Terminal Gennett is proposing to buy Tribune publishing 12.5 billion dollars.

We will continue to follow that story as the details start to come out.

Gennett says the offers a 63% premium to Tribune's April 22nd close.

Let me get that for you.

It was at that point $7.52. So 1225 a share for the Gennett offer to Tribune publishing. More on that coming up as we get more details.

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