Gannett Archives - Page 2 of 4

Gannett chain sold to owner of Burlington County Times

August 5, 2019 2:58 pmAugust 5, 2019 4:26 pm

Gannett, which operates seven daily newspapers in New Jersey, has been sold to the New Media Investment Group/GateHouse Media, the owner of the Burlington County Times and NJBiz. As part of the merger, GateHouse chairman and CEO Michael Reed will...

Star-Ledger owner sells their New Orleans newspaper, website

May 6, 2019 2:34 pmMay 6, 2019 3:58 pm

The company that owns The Star-Ledger and NJ.com have sold one of the crown jewels of their print media portfolio and the new owners have canned all 161 employees, according to a post on the Columbia Journalism Review website. Advance...

Gannett reports another revenue drop in first quarter ’19

May 1, 2019 10:53 amMay 2, 2019 9:57 am

Two weeks before a vote on a hostile takeover attempt, Gannett has reported a decline in revenues for the first quarter of 2019 but an increase in paid digital subscriptions. The publishing giant, which owns eight New Jersey daily newspapers...

Gannett attacks MNG candidate slate

April 17, 2019 10:33 amApril 17, 2019 10:37 am

Gannett is going negative their campaign to stop a hostile takeover bid. In a mailing to shareholders in advance of the May 16 vote, Gannett is accusing the slate of board of directors candidates proposed by MNG/Digital First Media of...

Russ Zimmer’s exit rant

April 13, 2019 5:42 pmApril 14, 2019 1:46 am

Worth reading is Asbury Park Press reporter Russ Zimmer’s exit rant as he announces his departure from journalism one month before Gannett shareholders vote on a takeover bid by MNG Enterprises/Digital First Media, a company that has a reputation of...

Gannett takeover bid qualifies for financing, company says

March 20, 2019 3:58 pmMarch 20, 2019 7:48 pm

The media company that has launched a bid to purchase the Gannett newspaper chain appears to have secured the financing on a $1.7 billion bid. MNG Enterprises, also known as Digital First Media, announced today that Oaktree Capital Management delivered...

The Week of Matt Friedman’s Vexation

February 22, 2019 12:06 amFebruary 22, 2019 8:50 am

Winner Losers CORY BOOKER KATHERINE DUPUIS The U.S. Senator from New Jersey locks up his home state in his bid for the Democratic presidential nomination. The Superior Court Judge, once a municipal chair, doesn’t seem to understand simple state election...