Gannett’s Loss Widens as Ad, Circulation Revenue Fall

The publisher of USA Today has rejected a takeover proposal from Digital First, calling it inadequate

By Micah Maidenberg

Updated Feb. 20, 2019 9:20 a.m. ET

Gannett Co., which is fending off a takeover bid, reported a wider loss in its latest quarter as advertisers continued to turn away from print media and circulation revenue fell.

Last month, MNG Enterprises Inc., better known as Digital First Media, offered to purchase Gannett for $12 a share after building up a stake in the company.

https://www.wsj.com/articles/gannetts-loss-widens-as-ad-circulation-revenue-fall-11550666825

Sry, the rest is behind paywall…