• USA Today Publisher Gannett Gets $1.36 Billion Hostile Bid From Newspaper Owner MNG

    2 monthes ago - By Fortune

    USA Today publisher Gannett Co. received an unsolicited $1.36 billion offer from MNG Enterprises, a company that has bought newspapers across the country and is known for its drastic cut costs.
    A deal would turn MNG, backed by hedge fund Alden Global Capital, into the largest owner of U.S. daily newspapers. MNG already has more than 200 daily and weekly titles, including the Denver Post and Orange County Register , and has been eliminating jobs to try to squeeze profits from the troubled sector. The moves have drawn protests from journalists.
    The cash offer of $12 a share by MNG represents...
    Read more ...

     

  • USA Today Publisher Gannett Gets $1.36 Billion Hostile Bid From Newspaper Owner MNG

    2 monthes ago - By Fortune

    USA Today publisher Gannett Co. received an unsolicited $1.36 billion offer from MNG Enterprises, a company that has bought newspapers across the country and is known for its drastic cut costs.
    A deal would turn MNG, backed by hedge fund Alden Global Capital, into the largest owner of U.S. daily newspapers. MNG already has more than 200 daily and weekly titles, including the Denver Post and Orange County Register , and has been eliminating jobs to try to squeeze profits from the troubled sector. The moves have drawn protests from journalists.
    The cash offer of $12 a share by MNG represents...
    Read more ...

     

  • Gannett Receives Takeover Offer From a Rival

    2 monthes ago - By NY Times

    The newspaper chain MNG Enterprises is seeking to acquire Gannett, the home of USA Today and other publications.
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  • MNG Enterprises offers to buy USA Today publisher Gannett

    2 monthes ago - By Reuters

    Newspaper chain MNG Enterprises Inc said on Monday it had offered to buy USA Today publisher Gannett Co Inc for $12 per share in cash, or $1.36 billion.
    Read more ...