MNG Enterprises Archives - New Jersey Globe

Gannett wins proxy fight in hostile takeover bid

May 16, 2019 9:19 amMay 16, 2019 12:03 pm

The companies that launched a hostile takeover bid of the nation’s largest newspaper chains has conceded defeat, acknowledging that the company-backed candidates will win all eight seats on the Board of Directors in a shareholder vote today. “This is a...

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 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...

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...