Gannett says MNG trying to ‘derail our progress’
BPC Staff Apr 22, 2019 | 3:46 pm
<1 min read time
107 wordsAll Latest News, Arts and Culture, Statewide NewsMemphis Flyer: Gannett Co., owner of the Des Moines Register and USA Today, urged its shareholders last week to vote for its slate of board candidates to stave off a hostile takeover from rival media company, MNG Enterprises. MNG is backed by the Alden Global Capital hedge fund and is also known as Digital First Media. MNG recently sent Gannett an unsolicited offer to buy the company for more than $1 billion. Gannett board members rejected the offer. MNG later offered up a slate of candidates to run for Gannett’s board. The final vote on those candidates is slated for Gannett’s annual shareholder meeting on May 16.