Gannett Rejects Takeover Offer From Digital First Media

Gannett Co. said Monday that its board has unanimously rejected an unsolicited proposal to be acquired by media company MNG Enterprises Inc., also known as Digital First Media, saying the proposal undervalues the company and the board doesn’t believe the offer is credible.

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One thought on “Gannett Rejects Takeover Offer From Digital First Media

  • February 5, 2019 at 8:10 am
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    I retired after almost 50 years as editor, and publisher of daily newspapers. It saddens me to see what’s happening today. Newspapers have forgotten their mission is LOCAL news. That leads to circulation, and circulation leads to what may be charged for advertising. Without local news, it means subscribers are reading day-old, or older, news already covered on television. Seems editors are forgetting that every parent, grandparent, aunt, uncle and relative want to read about what’s happening in their local community. And, schools and local government are great sources for this news. It doesn’t help that so many newspapers are owned by corporations with no experience in the industry. It saddens me because this country today needs newspapers more than ever. That can’t happen when staffs and pages continue to be slashed. Further, opinions need to remain on opinion pages, not throughout the newspaper.
    John Shields
    Queen Creek, Arizona

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