Now Alden appears to be angling to turn another limping wildebeest on the American media veldt into a carcass. On Monday, Media News Group announced a $1.4-billion hostile bid for Gannett Co. With 100 publications, including USA Today, Gannett is one of the nation’s largest newspaper chains. But it has been struggling financially, and its CEO, Bob Dickey, has announced he plans to retire in May.
Source: latimes.com – Los Angeles Times