Gannett's loss worsens as circulation revenues decline

Gannett Co., which opposes a public takeover bid, has announced a larger loss for its last quarter as advertisers continue to shy away from the print media and revenue from declining spreads.

Last month, MNG Enterprises Inc., better known as Digital First Media, proposed to buy Gannett $ 12 per share, valuing the publisher at $ 1.36 billion, after taking a stake in the company .

Gannett …

Source link