New Media’s shareholders and Gannett’s both have to approve the deal. In a joint interview, Reed and Bascobert said they assembled their executive team with an eye on cohesion as the company aims to become a digital media powerhouse. This story has been shared 194,289 times. Here’s Why. He previously was CEO of New Media. New Media’s purchase of Gannett, using a combination of cash and stock, was valued at approximately $1.1 billion as of Monday’s market close, according to a regulatory filing with the Securities and Exchange Commission. Your Ad Choices Sitemap Do Not Sell My Personal Information. New Media is forking over $6.25 per share in cash — plus each Gannett share gets 0.5427 of New Media stock. Post was not sent - check your email addresses! Alden chief Heath Freeman did not return a call. 219,372, This story has been shared 194,289 times. Trump campaign scores legal win in Pennsylvania vote count, College student with COVID-19 found dead in dorm room while quarantining, USPS says huge amount of mail-in ballots were not delivered, Woman busts her cheating boyfriend after spotting clue in his selfie, Police, protesters clash in NYC as demonstration turns chaotic. We do not create or publish our own content or copy full articles from other sites. Alison Engel, previously Gannett's chief financial officer, who will serve as CFO of the new company.
– Barron’s, U.S. stock futures fall amid post-election rally, Continental Resources, Inc. 2020 Q3 – Results – Earnings Call Presentation, Are Stock Markets Headed for Record Highs — or a Crash? This story has been shared 219,372 times. Gannett announced on Thursday that their revenues were down 10% and their print advertising has dropped by more than 18% during the fourth quarter of 2019. signing a deal to buy USA Today-owner Gannett. Virgin Galactic announces date for the first space flight out of New Mexico. New Media Investment chair and CEO Michael Reed told The Post he’s not concerned the stock has fallen by almost 25 percent since signing a deal to buy USA Today-owner Gannett. Private equity firm Alden Capital, which said last week that it opposes the merger, also had reps at the St. Regis meeting, sources said. Do Not Sell My Personal Information, Your California Privacy Rights This story has been shared 132,775 times.
Thanks for contacting us. Kris Barton, previously Gannett's chief product officer, who will take on the same role. Investors should be wary of these four potential perils, Funko, Inc. (FNKO) CEO Brian Mariotti On Q3 2020 Results – Quick Version Earnings Call Transcript, Media Advisory – Ritchie Bros. Investor Day 2020, Viavi Solutions Inc. 2020 Q3 – Results – Earnings Call Presentation, Uber Reports Mixed Earnings but Still Expects Profitability in 2021 – Barron’s, Carl Icahn boosts Xerox stake to over 14%. Anna Wintour expands title in Condé Nast reshuffling, This story has been shared 219,372 times.
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