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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.
Source: CNBC - 🏆 12. / 72 Read more »
MNG makes offer to buy USA Today publisher GannettNewspaper chain MNG Enterprises on Monday offered to buy publisher Gannett for $12 per share. And Gannett wanted to buy Tribune. That is so funny
Source: CNBC - 🏆 12. / 72 Read more »
Gannett gets hostile bid from hedge fund-backed MNGNewspaper chain MNG Enterprises Inc , controlled by secretive hedge fund Alden G...
Source: Reuters - 🏆 2. / 97 Read more »
Digital First Media is reportedly planning to make an offer to buy USA Today publisher GannettMNG or Digital First Media is planning to make an offer for USA Today owner Gannett at $12 per share Great
Source: BusinessInsider - 🏆 729. / 51 Read more »
Gannett rejects MNG's buyout bid, saying it's not credible
Source: MarketWatch - 🏆 3. / 97 Read more »
Digital First Media makes bid for USA TODAY parent GannettGannett Co., which owns USA TODAY and 109 other local media properties, has officially received an unsolicited proposal to acquire the company from media company MNG Enterprises, also known as Digital First Media. mattdpearce Please please please don't accept this gut-wrenching offer. mattdpearce WOW so how many will lose there JOBS ? latimes IngrahamAngle
Source: USATODAY - 🏆 100. / 63 Read more »
Gannett’s dilemma is picking lesser of two evilsA rival publisher wants to buy the USA Today owner for $1.6 bln. Gannett has repeatedly sliced costs and staff, to the detriment of news. MNG’s script is more of the same – and cuts are likely to be deep to justify a 23 pct premium. The public interest probably loses either way. ReutersBiz jennifersaba Tiger beat
Source: Breakingviews - 🏆 470. / 51 Read more »
Digital First wants to buy fellow newspaper owner GannettMNG Enterprises, better known as Digital First Media, is offering $12 a share for Gannett. It has a history of taking over struggling newspapers and slashing costs. Glad I am not on that BOD. How would this affect LAT? Just curious. El Segundo Times next?
Source: latimes - 🏆 11. / 82 Read more »
Hostile Bid for Gannett Rattles Some in the Newspaper BusinessThe hostile takeover bid for Gannett Co. by MNG Enterprises Inc., a newspaper group backed by a hedge fund, has stoked fears that an industry already reeling from years of cutbacks could be in for even more severe cost-cutting. Know who gets newspapers? People with pet birds and hamsters. They’re only useful as pet litter. So Jeff Bezos owns WAPO, what’s the difference? 🤔🤔🤔 But I mean...... Gannett fucking sucks, right?
Source: WSJ - 🏆 98. / 63 Read more »