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Friday, November 15, 2019  Spokane, Washington  Est. May 19, 1883
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Stories tagged: gannett

UPDATED: Thu., Nov. 14, 2019

New Media, Gannett shareholders approve media merger deal

The two biggest newspaper chains in the country are on the verge of combining, after shareholders of both gave green lights to the $1.13 billion deal Thursday.

UPDATED: Mon., Aug. 26, 2019

As Gannett, GateHouse merge, newspaper cost-cutting persists

Just a week after announcing its $1.4 billion acquisition of Gannett, GateHouse Media was again laying off journalists and other workers at its newspapers, possibly foreshadowing the future awaiting employees …

UPDATED: Mon., Aug. 5, 2019

Newspaper chain GateHouse buying Gannett, USA Today owner

GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion.

UPDATED: Mon., June 24, 2019

Justices side with business, government in information fight

The Supreme Court sided with businesses and the U.S. government Monday in a ruling about the public’s access to information, telling a South Dakota newspaper it can’t get the data …

Hedge fund guts newspapers as it profits from their land

When the downtown building in Tennessee housing the Memphis Commercial Appeal newspaper sold last April, the name of the buyer – Twenty Lake Holdings LLC – seemed of little consequence. …

UPDATED: Mon., Feb. 4, 2019

Gannett turns down hedge fund-backed Digital First Media

USA Today publisher Gannett rejects $1.36B buyout offer from MNG Enterprises, saying it undervalued the company and isn’t in the best interests of the company or its shareholders.

UPDATED: Mon., Jan. 14, 2019

USA Today publisher targeted for buyout

USA Today publisher targeted for buyout by hedge-fund backed media group known for cutbacks.

Gannett gives up on Tronc

NEW YORK – Gannett on Tuesday walked away from its attempted takeover of Tronc, the publisher of the Los Angeles Times, Chicago Tribune and other major dailies. Gannett’s target was …

Tribune renames itself ‘Tronc’ while Gannett weighs its bid

We still don’t know if USA Today owner Gannett will continue its $864 million bid for Tribune Publishing, but we do know that no one will have Tribune to kick …

Tribune rejects second Gannett bid, sets the stage for talks

Tribune Publishing rejected a second takeover bid from USA Today owner Gannett, but did say Monday that it was open to further talks.

Gannett urges Tribune holders to reject nominees for board

Five days after boosting its unsolicited takeover bid for Tribune Publishing Co. by 22 percent, USA Today owner Gannett is urging Tribune shareholders to reject the company’s slate of nominees …

Gannett raises Tribune Publishing offer by 22 percent

USA Today owner Gannett has boosted its takeover bid for Tribune Publishing Co. by about 22 percent one week after the owner of the Los Angeles Times, Chicago Tribune and …

Tribune adopts shareholder rights plan to fend off Gannett

Fending off an unsolicited takeover by the owner of USA Today, Chicago’s Tribune Publishing has adopted shareholder rights plan, a so-called “poison pill.”

Tribune Publishing rejects Gannett’s ‘opportunistic’ bid

Tribune Publishing Co. on Wednesday rejected Gannett’s more than $388 million buyout offer, saying it’s too little for the company that owns the Los Angeles Times, Chicago Tribune and other …

Gannett tells Tribune shareholders not to vote for board

Gannett is escalating its pursuit of buy rival newspaper company Tribune, telling shareholders of Tribune not to vote for its board member nominees up for election in June.

Tribune calls Gannett ‘erratic,’ but still reviewing purchase offer

Tribune Publishing said Tuesday in a letter that USA Today owner Gannett was “erratic” and “unreliable” as the two newspaper companies tried to discuss a possible tie-up.

USA Today owner Gannett bids for LA Times publisher Tribune

Newspaper publisher Gannett said Monday that it wants to buy rival Tribune Publishing for more than $388 million, in a deal that would give the owner of USA Today control …