• Digital First Media is reportedly planning to make an offer to buy USA Today publisher Gannett

    5 monthes ago - By Chron

    Thomson Reuters
    Media News Group Enterprises, better known as Digital First Media, is reportedly planning to make an offer to buy USA Today publisher Gannett Co. at $12 per share.
    The offer would represent a 23% premium over Gannett's Friday closing share price of $9.75.
    The Wall Street Journal, citing people familiar with the matter, said MNG Enterprises Inc. has already accumulated a 7.5% position in Gannett's stock.
    MNG and its hedge fund backer Alden have acquired a reputation for slashing costs at its media investments leaning on a strategy of layoffs.
    Read more ...

     

  • Digital First Media is reportedly planning to make an offer to buy USA Today publisher Gannett

    Digital First Media is reportedly planning to make an offer to buy USA Today publisher Gannett

    5 monthes ago - By Business Insider

    Media News Group Enterprises , better known as Digital First Media, is reportedly planning to make an offer to buy USA Today publisher Gannett Co. at $12 per share.
    The offer would represent a 23% premium over Gannett's Friday closing share price of $9.75.
    The Wall Street Journal , citing people familiar with the matter, said MNG Enterprises Inc. has already accumulated a 7.5% position in Gannett's stock.
    MNG and its hedge fund backer Alden have acquired a reputation for slashing costs at its media investments leaning on a strategy of layoffs.
    A hedge-fund-backed media group with a...
    Read more ...