Gannett turns down hedge fund-backed Digital First Media

0 Shares Email The publisher of USA Today and dozens of other newspapers said no to a hedge-fund backed media group with a reputation for slashing jobs, but the buyout fight may not be over.

Gannett on Monday said its board has unanimously rejected an unsolicited $1.36 billion buyout from MNG Enterprises , better known as Digital First Media.

Digital First then said that it might nominate new Gannett board directors to consider its offer.

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