Digital First Media's Offer to Acquire Gannett Is Just One of Many Things Wrong in Media Right Now

Our free press is under attack

It has recently been reported that Digital First Media, a hedge fund-backed company owned by Alden Global Capital, made an unsolicited offer to acquire Gannett, the largest newspaper group in the U.S. based on circulation. Gannett owns 109 local newspapers across the country as well as USA Today. The hostile offer for Gannett was $1.36 billion. Alden Global Capital has been described as the worst newspaper owner in America.