The Argus could soon have a new owner

by

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.

Posted in: Media, Sioux Falls

5 Thoughts on “The Argus could soon have a new owner”

  1. Scott D Hudson on January 18, 2019 at 11:19 am said:

    As the old saying goes, pennies on the dollar.

  2. The Guy from Guernsey on January 19, 2019 at 9:42 am said:

    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 January 19, 2019 at 4:03 pm said:

    will the new owner continue the burger battle?

  4. LJL on January 19, 2019 at 7:39 pm said:

    What happened to John Hult at the Argus?

  5. l3wis on January 20, 2019 at 12:37 pm said:

    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.

Post Navigation