Gannett increases its bid to $865m to acquire US newspaper rival

‘Aggressive’ USA Today publisher eager to swallow the Tribune companyUS newspaper giant Gannett has increased its takeover bid for another big publisher, Tribune, after its first attempt was rebuffed. Gannett, which owns the UK chain, Newsquest, raised its offer on Monday to about $475m (£327m), plus the assumption of $390m (£269m) in debt, Gannett lifted its initial bid of $12.25 (£8.44) a share to $15 (£10.3). It means the total offer has risen from $815m last month to about $865m. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2016-05-17 00:00:00 UTC ]
News tagged with: #big publisher #uk chain

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Gannett increases its bid to $865m to acquire US newspaper rival

‘Aggressive’ USA Today publisher eager to swallow the Tribune companyUS newspaper giant Gannett has increased its takeover bid for another big publisher, Tribune, after its first attempt was rebuffed. Gannett, which owns the UK chain, Newsquest, raised its offer on Monday to about $475m (£327m),... Continue reading at The Guardian

[ The Guardian | 2016-05-17 00:00:00 UTC ]
More news stories like this | News stories tagged with: #big publisher #uk chain

Unsolicited buyout bid puts 23% premium on shares of newspaper publisher Gannett

Unsolicited buyout bid puts 23% premium on shares of newspaper publisher Gannett Continue reading at MarketWatch.com

[ MarketWatch.com | 2019-01-14 00:00:00 UTC ]
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Gannett gets even bigger by acquiring 34 more US newspapers

Publisher pulls off its first major deal since it was spun off from its TV divisionThere are signs of a new round of consolidation in the US newspaper market with Gannett’s acquisition of the Journal Media Group for $280m (£183m).It adds the Milwaukee Journal Sentinel plus 16 other daily papers... Continue reading at The Guardian

[ The Guardian | 2015-10-08 00:00:00 UTC ]
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Local newspaper group National World makes ambitious bid for Daily Telegraph

Edinburgh Evening News and Yorkshire Evening Post owner is ‘possible participant’ in sale, despite strike ballot and staff exodusA local newspaper publisher facing a staff exodus and a strike ballot over low pay has announced it is considering a bid for the Daily Telegraph.National World, which... Continue reading at The Guardian

[ The Guardian | 2023-08-10 12:57:44 UTC ]
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Google gets sued by newspaper publisher Gannett

McLean newspaper publisher Gannett Co. Inc. (NYSE: GCI) said Tuesday it has sued Google LLC and parent company Alphabet Inc. (NASDAQ: GOOGL), alleging “monopolization of advertising technology markets and deceptive commercial practices.” Gannett says in its suit, which was filed in U.S.... Continue reading at Silicon Valley Business Journal

[ Silicon Valley Business Journal | 2023-06-21 14:18:58 UTC ]
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Penguin Random House’s Bid to Acquire Simon & Schuster Blocked by Judge

The government’s case blocked the merger of two of the United States’ largest publishers and reflected a more aggressive approach to curbing consolidation. It was closely watched by the publishing industry. Continue reading at The New York Times

[ The New York Times | 2022-11-01 01:28:52 UTC ]
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Gannett, Now Largest U.S. Newspaper Chain, Targets ‘Inefficiencies’

The merger of GateHouse Media and Gannett is now final, creating the largest newspaper publisher in the nation and raising concerns about the industry’s future. Continue reading at The New York Times

[ The New York Times | 2019-11-19 23:46:16 UTC ]
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After Its Merger, Gannett Will Be the Largest Newspaper Publisher in the U.S.

Shareholders approved a deal to combine GateHouse Media, which has received SoftBank funding, with the publisher of USA Today. Continue reading at The New York Times

[ The New York Times | 2019-11-14 20:26:07 UTC ]
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In Germany, Focusing on This Metric Let a Newspaper Increase Reader Loyalty (and Subscribers Too)

The German publisher DuMont didn’t always track loyalty among its readers. Instead, its editors did what many in the news Continue reading at Editor & Publisher

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Readerlink misses midnight deadline for rival Barnes & Noble bid; Elliott offer stands

US distribution giant Readerlink LLC has missed the midnight deadline for a rival bid to Waterstones owner Elliott Advisors Ltd for Barnes & Noble, but could still propose a counter-offer.  Continue reading at The Bookseller

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Gannett Rejects Hostile Bid From Hedge Fund-Backed Group

The newspaper publisher’s board said the $1.3 billion offer “is not in the best interests of Gannett and its shareholders.” But the fight for control is likely to go on. Continue reading at The New York Times

[ The New York Times | 2019-02-05 00:00:00 UTC ]
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With no election results, Gannett newspapers edge into the future for their print product

Newspaper publishers know they have to experiment to keep their print products viable. But innovating an expensive product is risky. The post With no election results, Gannett newspapers edge into the future for their print product appeared first on Digiday. Continue reading at Digiday

[ Digiday | 2018-11-06 00:00:00 UTC ]
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Lawsuit reveals takeover bid for B&N by rival 'book retailer'

Barnes & Noble was on the cusp of being sold to another book retailer in June before the deal fell through, it has been revealed. Continue reading at The Bookseller

[ The Bookseller | 2018-08-30 00:00:00 UTC ]
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Gatehouse Media Parent Acquires 11 More Daily U.S. Newspapers

Across the U.S. today, various publications are relaying to their readers some pressing news: they've been sold. Morris Publishing Group, a part of Morris Communications Co., has been purchased by New York-based New Media Investment Group. This means that the Savannah Morning News, the Topeka... Continue reading at AdWeek

[ AdWeek | 2017-08-10 00:00:00 UTC ]
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Tronc Plunges After Gannett Drops Takeover Bid; ADM Gains

Newspaper publisher Tronc plunges after Gannett abandons deal talks; Archer Daniels Midland, Coach gain on earnings beat Continue reading at ABC News

[ ABC News | 2016-11-02 00:00:00 UTC ]
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Gannett Abandons Effort to Buy Newspaper Publisher Tronc

The former Tribune Publishing Company, now known as Tronc, is the owner of The Los Angeles Times and The Chicago Tribune. Continue reading at The New York Times

[ The New York Times | 2016-11-01 00:00:00 UTC ]
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Shareholder Sues Tribune Directors, Chairman Over Spurned Gannett Bid

A Tribune Publishing investor sued the media company's directors and Chairman Michael Ferro for spurning an $864 million buyout offer from Gannett and seeking a cash infusion from a billionaire health-care entrepreneur.Tribune's board members are seeking to unfairly entrench themselves by taking... Continue reading at Advertising Age

[ Advertising Age | 2016-06-03 00:00:00 UTC ]
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Backed by Billionaire, Tribune Rejects Gannett's Latest Bid

Tribune Publishing, infused with a $70.5 million investment from billionaire Patrick Soon-Shiong, rejected Gannett's latest takeover offer, escalating the battle between the newspaper publishers.Gannett's revised proposal is "clearly inadequate" to control the owner of the Los Angeles Times and... Continue reading at Advertising Age

[ Advertising Age | 2016-05-24 00:00:00 UTC ]
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Tribune has possible rival in bid for Orange County Register

Digital First Media, the owner of the Los Angeles Daily News, has indicated interest in bidding for the Orange County Register and other assets of bankrupt publishing company Freedom Communications. That move could set up a three-way bidding war for the Register among Digital First, Freedom... Continue reading at Baltimore Sun

[ Baltimore Sun | 2016-02-02 00:00:00 UTC ]
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Gannett is hungry for one thing – and it’s not great newspapers

Cutting jobs and resources is US publishing giant Gannett’s only tactic with its UK titles. Contrast that with Buzzfeed …Richard Walker, the Sunday Herald editor in Glasgow, and his Newsquest colleague Tony Carlin, editor of the Evening Times there, have both opted to take voluntary redundancy.... Continue reading at The Guardian

[ The Guardian | 2015-09-27 00:00:00 UTC ]
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