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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APG Acquires Three Newspaper Divisions From ACM

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Flipboard Acquires CNN's Zite for $60 Million in Bid to Consolidate Reader Market

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Local doesn't matter much to Gannett, but then neither do newspapers

Journalists on three titles in northern England owned by Gannett are to strike over plans to move editing work to south Wales. But this is of a piece with the US firm's attitude to print mediaHere's a claim to savour. "The strength of [our] network lies in its ability to penetrate local... Continue reading at The Guardian

[ The Guardian | 2014-02-23 00:00:00 UTC ]
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AudioGO acquires US rival Blackstone Audio

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Jamie Oliver increases his lead on rivals

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Gannett newspaper chain to lay off 700 workers

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Inland Press Association and Southern Newspaper Publishers Association Merge to Become America’s Newspapers

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Leaver and Smith’s Welbeck Acquires Carlton; Books International Acquires Marston

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