Hedge funds have found that they are able to wring profits out of an ailing product: the print newspaper. But for how long? Source: NYT > Business – Marc Tracy
Can Paul Huntsman Save The Salt Lake Tribune?
Life got complicated for this scion of a powerful Utah family when he became the publisher of a struggling newspaper. Source: NYT > Business – KATHERINE ROSMAN
Gannett Counters the Latest Move by Its Hedge Fund-Backed Rival
The newspaper chain’s incumbent board members won re-election on Thursday, staving off an attempt by MediaNews Group to gain influence. Source: NYT > Business – MARC TRACY
Gannett Rejects Hostile Bid From Hedge Fund-Backed Group
The newspaper publisher’s board said the $1.3 billion offer “is not in the best interests of Gannett and its shareholders.” But the fight for control is likely to go on. Source: NYT > Business