Gannett Rejects Digital First Media’s Acquisition Offer

The deal was reportedly worth $1.36 billion

Digital First Media is a hedge-fund-backed group, which currently owns about 100 properties. Gannett

Gannett’s board of directors unanimously rejected the bid from MNG Enterprises, Inc., known as Digital First Media, to acquire the company. They said they didn’t believe the offer was “credible” or in the best interest of shareholders.

@SaraJerde Sara Jerde is publishing editor at Adweek, where she covers traditional and digital publishers’ business models. She also oversees political coverage ahead of the 2020 election.