Digital First pursuing Gannett

[SoloFlyer]

Digital First apparently looking to buy Gannett.

Hedge-Fund-Backed Media Group Prepares Bid for Gannett

 

[Regan MacNeil]

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

 

[FileNotFound]

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.

 

[Twirling Time]

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

 

[DanOregon]

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.

 

[Writer]

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

 

[DanOregon]

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.

 

[Sam Mills 51]

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.

 

[DanOregon]

See also Republicans No Longer In Office.

 

[LanceyHoward]

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

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.

 

[DanOregon]

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

 

[Ice9]

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.