Digital First pursuing Gannett

Digital First apparently looking to buy Gannett.

Hedge-Fund-Backed Media Group Prepares Bid for Gannett

 

I wouldn't wish Digital First on my worst enemy.

 

That would be monumentally bad for the industry on every level. It looks like a serious offer: $12 per share, according to the WSJ story. GCI closed at $9.75 Friday.

 

Sounds like some really good money is horny for some really bad money.

 

Gannett may as well do it - all they're doing now is cutting to remain profitable. I don't understand the point of the endeavor anymore.

 

Gannett is the worst. They've ruined so many great publications.

 

Maybe the recent buyouts were the G trying to make itself more attractive. I'm guessing the only value you could squeeze that the G hasn't is middle managers.

 

My concern is by the time Digital First gets done, we'll almost think of Gannett as the good ol' days. Almost.

Been part of a takeover in which a shaky company was bought by a company that made us long for yesterdays. The grass is not always greener ... even when you think you're stranded in the middle of the desert.

 

See also Republicans No Longer In Office.

 

Digital First is a very well-managed liquidator. Gannett is an ineptly run publisher. I would prefer Gannett because they are trying to keep their newspapers alive. DFI is just trying to squeeze out the last drop of blood.

 

I am curious for those still in Gannett. Is it better or worse since they spun off newspapers to their own thing?

 

I can't think of a more fitting punishment for Gannett than getting bought out by DFM. Two peas in a pod like you read about.