Carl Icahn Places Bet on Gannett

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By: Gary Strauss | USA Today

Activist investor Carl Icahn has taken a 6.6% stake in Gannett, saying he wants a role in the company’s planned split of its TV, digital and newspaper divisions.

Icahn’s stake in Gannett — publisher of USA TODAY — was disclosed Thursday in a Securities and Exchange Commission filing. Icahn said in the 13D filing that Gannett shares are undervalued.

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