Author: Cara Lombardo, The Wall Street Journal
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Spurned Denver Post owner to attempt overhaul of Gannett board
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Digital First Media, the hedge-fund-backed newspaper chain whose takeover bid for rival publisher Gannett Co. was rejected, has launched a proxy fight in an attempt to remake Gannett’s board of directors. Denver-based Digital First is one of Gannett’s largest shareholders with about 7.5 percent of its stock. It nominated a slate of six candidates Thursday…
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Denver Post parent makes bid for Gannett, largest US newspaper chain
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A hedge-fund-backed media group known for buying up struggling local papers and cutting costs has made an offer for USA Today publisher Gannett Co. Inc. MNG Enterprises Inc., one of the largest newspaper chains in the country, has quietly built a 7.5% position in Gannett’s stock and is urging the McLean, Va., publisher to review…
