Hedge fund-backed media company offers to buy USA Today publisher Gannett

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Hedge fund-backed media company offers to buy USA Today publisher Gannett
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Hedge fund-backed MNG Enterprises offers to buy USA Today publisher Gannett.

  • 📰 CNBC
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 72%

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Media company owned by a hedge fund wants to buy GannettMedia company owned by a hedge fund wants to buy GannettA 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 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’s ambition to dominate newspaper industry raises fear of a local news 'death spiral'Hedge fund’s ambition to dominate newspaper industry raises fear of a local news 'death spiral'If its ambitions are realized, Digital First Media would be bringing its ownership style to a newspaper near virtually every American.
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