Investors pessimistic about Gannett’s merger with New Media
Pessimism is growing about a merger between the first- and second-biggest newspapers chains in the US. Ahead of a shareholder vote on Thursday to combine New Media Investment Group, the No. 2 newspaper publisher with No. 1 Gannett, nearly 35 percent of New Media’s outstanding shares have been sold short by investors who expect the…
Investors pessimistic about Gannett’s merger with New Media
Pessimism is growing about a merger between the first- and second-biggest newspapers chains in the US. Ahead of a shareholder vote on Thursday to combine New Media Investment Group, the No. 2 newspaper publisher with No. 1 Gannett, nearly 35 percent of New Media’s outstanding shares have been sold short by investors who expect the…