Who’s Buying Newspapers?
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 25 April 2016
⏱️ 21 minutes
🧾️ Download transcript
Summary
Halliburton delays its earnings call. Gannett makes a $815 million bid to gain even more control of the newspaper industry. Plus we look at the latest dance between automakers and dip into the Fool Mailbag.
Transcript
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| 0:00.0 | It's Monday, April 25th. |
| 0:01.0 | Welcome to Mark Fuller. |
| 0:02.0 | I'm Chris Hill joining me in studio today from Stock Advisor, Canada, Taylor Markerman, |
| 0:06.5 | and for a million dollar portfolio of Jason Moser. |
| 0:08.7 | Happy Monday, Chants. |
| 0:09.8 | Howdy. |
| 0:10.8 | So far, so good. |
| 0:11.8 | So far, so good. |
| 0:12.4 | Well, I mean, it's still early. Yeah. Not even |
| 0:14.1 | soon yet. Give us time. We've got news from the world of media, automotive. We'll |
| 0:21.6 | dip into the full mailbag. |
| 0:23.0 | Let's start with energy, shares of Halliburton |
| 0:26.2 | falling a little bit after first quarter revenue |
| 0:28.8 | fell more than 40%. |
| 0:31.0 | They're cutting 6,000 jobs Taylor and I cannot believe this is ever a good sign. |
| 0:37.1 | They've delayed their earnings call. |
| 0:39.1 | Yes, they have till May 3rd. |
| 0:41.4 | So that's because it's going to be amazing on May 3rd. So, that's because it's going to be amazing on May 3rd or because, wow, this is terrible |
| 0:46.6 | and we've got to get our ducks in a row. |
| 0:48.4 | Because it's curiously after the date of April 30th, which is when the deal between them and Baker Hughes can |
| 0:54.9 | officially be called off by either party. So many people are expecting that |
| 1:00.5 | Halliburton is kind of hedging its bets here so that they can present themselves as a standalone entity on May 3rd rather than presenting them as potentially a combined entity with Baker Hughes if they do decide to call it off after this week is over. |
... |
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