Gannett Archives - Page 3 of 4

Gannett reports losses for Q4

February 20, 2019 4:37 pmFebruary 20, 2019 4:40 pm

Gannett reported wider than expected losses for the fourth-quarter of 2018 at a time that they are fighting a takeover bid from another national media company with a history of slashing reporter jobs. MNG Enterprises, known as Digital First Media,...

Bill Pascrell opposes Gannett sale

February 14, 2019 12:42 pmFebruary 14, 2019 12:51 pm

Rep. Bill Pascrell (D-Paterson) says he opposes the sale of the Gannett newspaper chain to a Wall Street hedge fund. “The last thing we need is the decimation of more quality media outlets. Across America, newspapers have been shuttered or...

Gannett triggered hostile takeover by refusing to extend filing deadline

February 11, 2019 8:28 pm

Gannett refused to extend the filing deadline for their 2019 Board of Directors elections, forcing the company seeking to purchase the newspaper giant to file their own slate of candidates, according to a filing by the proposed buyer with the...

MNG says Gannett has ‘no credible plan’ for financial successs

February 11, 2019 7:21 pmFebruary 11, 2019 8:42 pm

The media company that has launched a bid to purchase Gannett says the national newspaper chain has “no credible plan” to run their business. “Gannett is simply trying to distract from the fact that they have no credible path to...

Gannett says MNG avoids ‘substantive answers’ in hostile takeover bid

February 11, 2019 9:35 am

Gannett says that the company mounting a hostile takeover refused to offer details about its ability to finance a $1.8 billion deal. The owner of eight daily newspapers in New Jersey, Gannett also says that some of the candidates for...

Hostile takeover of Gannett launched

February 7, 2019 5:19 pmFebruary 11, 2019 9:28 am

The company that launched a $1.4 billion takeover bid of Gannett is taking their offer directly to the shareholders, nominating six Board of Directors candidates at their annual corporate meeting, according to a press release issued by Gannett. All six...

Gannett rejects proposed sale

February 4, 2019 4:46 pmFebruary 4, 2019 4:50 pm

Gannett has rejected Digital First Media’s $1.4 billion purchase offer, saying the bid undervalues their company, according to a Wall Street Journal report. Digital First Media, which is backed by a New York hedge-fund, had offered $12 per share in...