The hedge fund-owned newspaper company that launched a hostile takeover bid to acquire Gannett Co. in January has reduced its stake in the company, which owns USA TODAY and more than 100 local media properties.
Gannett shareholders voted to reject MNG Enterprises' board nominees, siding with the USA TODAY owner as it attempts to fend off a hostile takeover bid by the hedge fund-controlled newspaper company. chairman
This hostile takeover didn’t work out. But the thinking of industry executives remains dominated by the inevitable merging of America’s big newspaper chains. It seems like a return to status quo ante.
Shareholders of the Gannett newspaper chain backed all eight of the company’s board candidates Thursday, turning away an attempt by New York hedge fund Alden Global Capital and its media company to populate
(Reuters) - USA Today owner Gannett Co Inc said on Thursday all its eight director nominees were elected to its board, based on a preliminary vote count, beating candidates put up by its shareholder MNG