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Communications Services Down On Rotation Out Of Growth -- Communications Services Roundup

05/21/2021 | 05:34pm EDT

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.

 Write to Rob Curran at rob.curran@dowjones.com 

(END) Dow Jones Newswires

05-21-21 1733ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.28% 34838.16 Delayed Quote.14.14%
S&P 500 -0.18% 4387.16 Delayed Quote.17.02%
TRIBUNE PUBLISHING COMPANY 0.41% 17.26 End-of-day quote.25.99%
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