Tag Archives: Gannett

Your Daily Dose of Financial News

BY: Michael D. Reif | February 5, 2019

USA Today publisher and media conglomerate Gannett has rejected a $1.3 billion hostile takeover bid from Alden Global Capital-backed MNG Enterprises, “kicking off a battle for shareholder votes to determine the future of the company” – NYTimes and WSJ Ex-Bond King and favorite of the Daily Dose BBG (that’s Big Billy Gross to the uninitiated) … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | January 15, 2019

British lawmakers are voting today on Theresa May’s updated Brexit plan, and by all accounts, it’s been a mad dash for the Prime Minister in recent weeks to shore up support for a plan “that could go down to a humiliating defeat in Parliament.” Rampant speculation aside, May has so far ruled out asking for … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | May 24, 2016

Tribune’s not only given a hard “no” to Gannett, but it’s got some new firepower (and capital) on its side thanks to a $70.5 million investment by Nant Capital—a group “founded by Patrick Soon-Shiong, a billionaire who has started several health care companies and is a part owner of the Los Angeles Lakers” –  NYTimes … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | May 17, 2016

Gannet’s still after Tribune Publishing, and it’s upped its ante after Tribune “resoundingly rejected” early overtures – NYTimes The Journal walks us through the fall of the Laplanche empire at Lending Club with a blow-by-blow of his last days on the job – WSJ Big High Court securities news yesterday, as the Supremes unanimously held … Continue reading

Your daily dose of financial news

BY: Michael D. Reif | April 26, 2016

In major media news yesterday, Gannett has bypassed Tribune Publishing’s leadership and gone directly to its shareholders with a $815 million takeover offer. If accepted, the move would add the LA Times and Chicago Tribune to the USA Today parent company’s holdings – NYTimes and WSJ and Bloomberg The Fed, FDIC, and OCC are expected … Continue reading