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…

Share More: https://nypost.com/2019/01/25/cost-cutting-fund-alden-global-wants-to-sell-digital-first-media/