Gannett Eliminates Hundreds of News Jobs across US. Gannett may buy Hedge Fund Alden Global value-destroyed Digital First Media news products
DFM newspapers include The Boston Herald, The Trentonian, The San Jose Mercury News, The Denver Post.
NY Post 1.25.2019 Josh Kosman, Keith J. Kelly and Carleton English report: Looks like slashing and burning has its limits in the newspaper business.
The secretive hedge fund that owns MNG Enterprises — a controversial newspaper chain hated by journalists for slashing jobs at papers like the Denver Post and The (San Jose) Mercury News — is desperately looking to exit its investment, The Post has learned.
Last week, MNG, better known as Digital First Media, sent shudders through the media industry with a $1.4 billion hostile takeover bid for Gannett, the company that owns 100 newspapers nationwide, including USA Today.
But many insiders are skeptical whether…