Communications services companies ticked down as traders rotated out of growth sectors.
German publishing conglomerate Axel Springer is in talks to purchase digital-news outlet Axios, which is seeking between $400 million and $450 million from a buyer, The Wall Street Journal reported.
Newspaper publisher Tribune Publishing said its shareholders voted to approve a takeover offer from Alden Global Capital, handing control of nine large daily newspapers, including the Chicago Tribune and New York Daily News, to a hedge fund with a reputation for aggressive cost cutting.
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(END) Dow Jones Newswires