The combined companies, which will publish more than 260 daily newspapers in the United States, expect to save money and speed up their transition to digital media. Source: NYT > Business – Marc Tracy
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