digital first media
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Denver Post parent Digital First hires financial adviser to press bid for USA Today owner
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Denver-based Digital First Media has hired a financial adviser as it seeks to press its $1.4 billion bid for Gannett Co. Inc. Digital First recently retained investment bank Moelis & Co. for advice on the bid and how to fund it, according to people familiar with the matter. It is also being advised by law…
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Denver Post owner’s hostile bid for Gannett rattles news industry
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The hostile takeover bid for USA Today parent Gannett Co. by MNG Enterprises Inc., a Denver-based newspaper group backed by a hedge fund, stoked fears that an industry already reeling from years of cutbacks could be in for even more severe cost-cutting as financial owners become bigger players. MNG Enterprises, which is better known in…
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Denver Post owner laying off 107 at Colorado Springs service center
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Digital First Media, owner of The Denver Post, the Boulder Daily Camera and nearly 100 other newspapers nationwide, will lay off 107 employees at its Colorado Springs service center after shifting the work to an outsourcing contractor. Denver-based DFM notified employees in August and sent a notice late last month to the Colorado Department of…
