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Digital First Offers to Buy USA Today Owner Gannett for $1.36B
www.newsmax.com ^ | Monday, 14 January 2019 09:52 AM | Staff

Posted on 01/14/2019 2:01:49 PM PST by Red Badger

The publisher of USA Today has received a $1.36 billion takeover bid from a media group with a history of taking over struggling newspapers and slashing costs.

MNG Enterprises, better known as Digital First Media, said in a letter to Gannett Co. Monday that its leadership team has failed to show that it can run the company effectively.

The Wall Street Journal was first to report that the hedge-fund backed MNG has built up a 7.5 percent stake in Gannett, and that it has been rebuffed repeatedly by the company about a sale.

Gannett said Monday it received the letter, and its board will carefully review the proposal.

(Excerpt) Read more at newsmax.com ...


TOPICS: Business/Economy; Culture/Society; US: New York
KEYWORDS: digitalfirstmedia; dnctalkingpoint; dnctalkingpoints; gannett; learntocode; mediawingofthednc; partisanmediashills; presstitutes; smearmachine; usatoday
They must need a tax-write-off....................
1 posted on 01/14/2019 2:01:49 PM PST by Red Badger
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To: Red Badger

I have a dollar.

Should I buy A paper, or THE paper?


2 posted on 01/14/2019 2:04:56 PM PST by N. Theknow (Kennedys-Can't drive, can't ski, can't fly, can't skipper a boat-But they know what's best for you.)
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To: Red Badger

Gannett is super leftist - if they can make a change in that I’m all for it. But probably not.


3 posted on 01/14/2019 2:05:13 PM PST by Skywise
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To: N. Theknow

I think you need to research bird ownership numbers first before deciding.


4 posted on 01/14/2019 2:05:58 PM PST by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: Red Badger

https://www.digitalfirstmedia.com/our-brands/

Feh.


5 posted on 01/14/2019 2:08:41 PM PST by mewzilla (Break out the mustard seeds.)
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To: Red Badger

No newspaper can make a profit without classifieds. That’s pretty much proven at this point.

Thank Craigslist for their demise.


6 posted on 01/14/2019 2:11:50 PM PST by PittsburghAfterDark (The American media: We do what the Soviet media did without the guns to our head.)
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To: PittsburghAfterDark

I can’t recall the last time I bough a newspaper.


7 posted on 01/14/2019 2:13:05 PM PST by Rebelbase
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To: Secret Agent Man

Good idea !
I did check fish market numbers.
However, I did not check bird owners stats.


8 posted on 01/14/2019 2:14:04 PM PST by N. Theknow (Kennedys-Can't drive, can't ski, can't fly, can't skipper a boat-But they know what's best for you.)
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To: Red Badger

Boo Hoo - “Hedge Fund Called ‘Destroyer of Newspapers’ Bids for USA Today Owner Gannett” - https://www.nytimes.com/2019/01/14/business/dealbook/gannett-takeover-offer-mng.html


9 posted on 01/14/2019 2:16:10 PM PST by RightGeek (FUBO and the donkey you rode in on)
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To: N. Theknow

Well you are doing excellent research, i didnt consider the fishwrap market.


10 posted on 01/14/2019 2:17:10 PM PST by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: Red Badger

Good Riddance to yet another former traditional conservative American company trying to appeal to their newly brainwashed socialist masses. Enjoy your place in the ashtray of history.


11 posted on 01/14/2019 2:20:28 PM PST by NYAmerican
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To: RightGeek

Few deserve destroying more than Gannett


12 posted on 01/14/2019 2:52:01 PM PST by Okeydoker
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To: Red Badger

The father of a good friend just passed away and wanted to run his obit in the (Gannett owned) Indy Star since he grew up and worked all his life in the Indianapolis area.

For a 3 paragraph obit...$1200


13 posted on 01/14/2019 2:59:21 PM PST by digger48
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To: N. Theknow

How about catbox liners?


14 posted on 01/14/2019 3:13:16 PM PST by HighSierra5
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To: Rebelbase

My wife has to have the Sunday State paper for some reason.

I’d love to see The State razed to the ground and out of business forever.


15 posted on 01/14/2019 4:07:00 PM PST by wally_bert (We're low on dimes in fun city.)
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To: wally_bert

Amen to that. What a waste of good paper and ink.


16 posted on 01/14/2019 4:29:27 PM PST by burghguy
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To: digger48

“For a 3 paragraph obit...$1200”

local obits are the ONLY thing remaining that the local newspapers have a monopoly on, so they’ve jacked the prices to insane levels ... because they can ...


17 posted on 01/14/2019 4:30:46 PM PST by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
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To: burghguy

Every Sunday morning I pick up the “daily worker” from the driveway and see it get tossed in the bin about 30 minutes later.


18 posted on 01/14/2019 4:38:05 PM PST by wally_bert (We're low on dimes in fun city.)
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To: digger48

$1200??????/

How much for a personal ad?.......................


19 posted on 01/15/2019 6:04:14 AM PST by Red Badger (We are headed for a Civil War. It won't be nice like the last one....................)
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