Media Archives - Page 21 of 25

Gannett still silent on takeover bid

January 21, 2019 3:17 pm

One week has passed since Gannett acknowledged that they are the target of a $1.4 billion takeover bid by a hedge fund-backed newspaper chain with a history of slashing editorial staffs, but none of the eight New Jersey dailies owned...

Gannett shares up as Tribune talks merger

January 17, 2019 11:22 amJanuary 17, 2019 11:25 am

Shares of Gannett increased late yesterday following reports that Tribune Publishing is looking to revive merger talks between the two newspaper publishers. The Wall Street Journal first reported on Sunday that MNF Enterprises, also known as Digital First Media, a...

Analyst: Gannett takeover bid priced too low

January 14, 2019 5:10 pmJanuary 14, 2019 6:11 pm

A financial advisor retained by Gannett in a $1.36 billion takeover bid is circulating an analysis by an independent equity research firm that says the price offered by MNG Enterprises/Digital Media First is too low. “The majority owner of MNG...

Gannett not reporting news of Gannett takeover

January 14, 2019 10:29 amJanuary 14, 2019 1:00 pm

There seems to be a sort of media blackout in New Jersey, where none of the eight Gannett-owned daily newspapers have reported on a $1.36 billion takeover bid of their company. NJ Advance Media, which owns the Star-Ledger and several...

Gannett confirms purchase offer

January 14, 2019 9:38 amJanuary 14, 2019 3:19 pm

Gannett, which owns eight daily newspapers in New Jersey, has confirmed that they received an unsolicited cash offer to purchase the chain for $12 per share. Gannett’s stock closed last Friday at $9.75. “Consistent with its fiduciary duties and in...

Report: Hedge Fund looks to buy Gannett

January 13, 2019 8:38 pmJanuary 14, 2019 9:39 am

A media group with a history of purchasing struggling newspapers and cutting costs by dramatically reducing the number of journalists, is trying to buy the company that operates eight daily newspapers in New Jersey. The Wall Street Journal is reporting...

Jackson moving to CQ/Roll Call

January 1, 2019 5:09 pmJanuary 2, 2019 2:02 pm

Veteran New Jersey political reporter Herb Jackson will now be covering federal transportation issues for Congressional Quarterly/Roll Call, according to a post on his Facebook page. Jackson’s last day as the Washington correspondent for The (Bergen) Record is tomorrow, and...