Digital First Media, a hedge fund-backed entity known for scooping up local newspapers and then aggressively cutting costs and jobs, has made an unsolicited $1.36 billion offer for Gannett.
Shares in Gannett have soared 18% on the news, reaching $11.50 in morning trading.
The management of Gannett indicated it will con…
Shares in Los Angeles Times publisher Tronc are up more than 7% this morning — and touched a 52-week high of $17.53 — following a report that Gannett has sweetened its acquisition offer to more than $18. That means it’s “no longer a question of whether to sell or not, but for how much,” analyst Ken Doctor says in…
The news about the prominent former president of CBS Digital Media was folded into this morning’s announcement that Gannett’s board has formally approved the spin-off creating separate companies for the publishing and TV assets.
Larry Kramer will retire as USA Today’s president and publisher later this month when the…
Fox, Time Warner, and Tribune did it — and now Gannett is, too. The nation’s largest newspaper publisher, and a major owner of TV stations, says it will create a publicly traded company for its publishing businesses which include USA Today. Gannett shareholders will receive stock in the new entity, making the…
USA Today landed in hot water today by with a clumsily written headline that came off as polarizing to some readers. “Holiday Nearly Beat Thor as Race-Themed Films Soar," USA Today headlined in its box office report, prompting many to spank the paper across social media. Many felt that while the cast is predominantly…
Copyright © 2019 Penske Business Media, LLC. All Rights reserved.
Powered by WordPress.com VIP
