MNG Asks Gannett Shareholders to Support Its Board Candidates
MNG has nominated six candidates to the Gannett board; Gannett is trying to stop them.
MNG Enterprises Inc., parent of Digital First Media, continues its takeover attempt of Gannett, the owner of more than 100 media properties and related businesses, including USA Today, Detroit Free Press, AZCentral, IndyStar and ReachLocal. USA Today reports that MNG has mailed proxies to shareholders, asking for them to support MNG’s six nominees to Gannett’s board of directors. This is MNG’s latest attempt to acquire Gannett, after the company rejected its unsolicited proposal to buy Gannett for $12 per share.
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