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Gannett Co., Inc, also called Gannett, is a digitally focused media and marketing solutions company, which engages in the provision of media and marketing solutions. It operates through the Publishing and ReachLocal business segments. Read More The Publishing segment comprises of USA TODAY NETWORK and Newsquest, which delivers content where and when consumers want to engage with it on virtually any device or platform. The ReachLocal segment consists of products and solutions in the categories of digital, web presence, and software-as-a-service. The company was founded on November 21, 2014 and is headquartered in McLean, VA.
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Seeking AlphaMay 23
MNG cuts stake in Gannett to 4.2% after losing proxy fight
Gannett (NYSE:GCI) shareholder MNG Enterprises and affiliates -- having lost a proxy contest when Gannett's director slate took all the board seats -- have cut their stake in the newspaper company to 4.2%. MNG (backed by Alden Capital, and doing business as Digital First Media) launched a $12/share cash bid for Gannett in January, shortly followed by preparing an opposing slate as Gannett rejected the offer. At that time MNG had amassed a 7.5% stake....
Yahoo FinanceMay 21
See what the IHS Markit Score report has to say about Gannett Co Inc.
Gannett Co Inc NYSE:GCI Scroll to continue with content Ad View full report here! Summary Perception of the company's creditworthiness is positive Bearish sentiment is high Economic output in this company's sector is expanding Short interest | Negative Short interest is high for GCI with between 15 and 20% of shares on loan. This means that investors who seek to profit from falling equity prices are currently targeting GCI. However, the last change in the short interest score occurred more than 1 m...
Washington PostMay 17
USA Today Publisher’s Win Over Hedge Fund Is Dog Bites Man
A proxy fight at Gannett Co. that has looked amateur from the start has met its appropriate end. Now what? Gannett, the owner of USA Today and other titles, said on Thursday that all eight of its nominees were elected to the board, beating out a hostile slate from MNG Enterprises Inc., the newspaper publisher that’s better known as Digital First Media and is backed by hedge fund Alden Global. MNG launched the proxy fight to try to force Gannett to consider a $12-a-share takeover bid that it had snubbed as ...
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