Media company owned by a hedge fund wants to buy Gannett

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A media company led by a hedge fund is making a play to take over Gannett, one of the largest newspaper companies in the United States

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Maybe they can make Gannett become honest in their reporting. They are a monopoly in many regions and must be broken up!

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Hedge fund-backed media company offers to buy USA Today publisher GannettNewspaper chain MNG Enterprises on Monday offered to buy publisher Gannett for $12 per share.
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Gannett journalists anxious amid report that Digital First Media is circling the companyDigital First Media is 'notorious for slash-and-burn tactics,' writes brianstelter brianstelter Maybe you firefighters should form your own group and outbid them. brianstelter It should be noted: Long before Digital First was terrible, Gannett itself was terrible. brianstelter .Gannett ruined a once proud publication, The Record Of northjersey when they bought it recently. I shudder to think what will happen next. Haven’t the last two years taught us the value and importance of strong journalism?
Source: CNN - 🏆 4. / 95 Read more »

Tribune Publishing Recently Tried to Rekindle Merger Talks With GannettGannett was recently approached by Tribune Publishing about reviving merger talks in the weeks before Gannett became the target of a takeover bid by MNG, aka Digital First Media.
Source: WSJ - 🏆 98. / 63 Read more »