The Argus could soon have a new owner

So this was surprising;

The hunter has become the hunted. Newspaper publisher Gannett Co. may find it difficult to resist the advances of an activist investor and potential buyer.

MNG Enterprises Inc., the owner of the Boston Herald and Denver Post that’s backed by hedge fund Alden Global Capital, on Monday disclosed a 7.5 percent stake in Gannett and made an unsolicited offer to acquire it.

Someone wants to buy Gannett? Uh, okay. If it happens, I’m sure there will be changes to staff and content. I guess it all depends on if someone buys it.



5 comments ↓

#1 Scott D Hudson on 01.18.19 at 11:19 am

As the old saying goes, pennies on the dollar.

#2 The Guy from Guernsey on 01.19.19 at 9:42 am

Does not speak to the book value of Gannett, but the offer to purchase by Digital First Media was at a 20% premium to the Gannett stock price at the time of the offer – cash.

#3 scott on 01.19.19 at 4:03 pm

will the new owner continue the burger battle?

#4 LJL on 01.19.19 at 7:39 pm

What happened to John Hult at the Argus?

#5 l3wis on 01.20.19 at 12:37 pm

LJL, you did prove one thing with that comment, you really don’t read the Argus much. John left over a year ago to work for EROS.

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