Digital First Media Gannett //

In January 2019, Digital First Media acquired 7.5% of Gannett's public stock, and made an unsolicited bid to acquire Gannett for $1.36 billion. On February 4, 2019 Gannett's board "unanimously rejected" the offer, saying "that MNG does not have a realistic plan to acquire Gannett". 13/01/2019 · Gannett 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. Digital First Media is proposing to buy Gannett.

26/03/2019 · Gannett, which owns USA TODAY and 109 local publications as well as various digital marketing assets like ReachLocal, has said it remains confident in its plan to continue building its digital revenue. Schumer weighs in:Chuck Schumer questions bid to buy Gannett in letter to owner of Digital First Media. Does it have the money? 14/01/2019 · He predicted that Gannett's board will decline the offer. MNG Enterprises, which also operates as Digital First Media, is proposing to buy Gannett for $12 a share, or about $1.36 billion. That would be a 23 percent premium above Friday's closing price of $9.75 a share. Gannett GCI shares on Monday closed up 21 percent, or $2.07, at $11.82. 04/02/2019 · The post that handles Gannett on the New York Stock Exchange is seen Aug. 5, 2014, in New York. Gannett, publisher of USA Today, said Feb. 4, 2019, that its board unanimously rejected a $1.36 billion buyout offer from MNG Enterprises, better known as Digital First Media. 14/01/2019 · Better known as Digital First Media, MNG Enterprises — which is backed by New York-based hedge fund Alden Global Capital LLC — has already built a 7.5 percent stake in Gannett and plans to publicly push Gannett to sell itself, the report said, citing people familiar with the matter. 04/02/2019 · Gannett Co. said Monday that its board has unanimously rejected an unsolicited proposal to be acquired by media company MNG Enterprises Inc., also known as Digital First Media, saying the proposal undervalues the company and the board doesn’t believe the offer is credible.

Media Buyers Fear a Picked-Over Gannett if Digital First Media’s Hostile Bid Succeeds 'There will be less to buy or less opportunity for them to monetize the content they’ve got' By Sara Jerde January 16, 2019. Media buyers are concerned about Gannett's fate if Digital First Media. 16/01/2019 · Not to push this theory too far — the decimation of advertising-funded news at the hands of digital media is a much larger factor. Still, Gannett-style slash-and-burn management played a role. Now Gannett is reaping what it sowed. We should all hope that Gannett’s board is successful in fighting off Digital First.

14/01/2019 · 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. 14/01/2019 · A version of this article first appeared in the "Reliable Sources" newsletter.

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