Job Slashing Hedge Fund Bids to Buy Gannett and The Tennessean: Management ‘Has Not Demonstrated That It’s Capable of Effectively Running This Enterprise’

Hedge fund backed Digital First Media, which owns more than 200 newspapers and is known for its draconian cost cutting and job slashing, submitted a bid to buy Gannett for $1.3 billion on Monday. “Critics have described Alden as a “destroyer of newspapers” that is prone to “savage” layoffs and…

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Report: Job Slashing Hedge Fund Looking to Buy The Tennessean as Part of Gannett Purchase

The Wall Street Journal and Market Watch are reporting that Digital First Media, a hedge fund backed media company renowned for purchasing newspapers and gutting the operations through firings and drastic cost cutting, is preparing a bid to purchase Gannett, which owns The Tennessean, along with about 100 other newspapers…

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Gannett Offers Buyouts to Staff, Including Tennessean, Other Tennessee Papers

Gannett is examining the possibility of making cuts across its company — and that includes possible layoffs at The Tennessean and several other papers around Tennessee. The Nashville Scene reported on the pending cuts. Maribel Wadsworth, president of USA TODAY Network and publisher of USA TODAY, told employees during a…

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Memphis, Knoxville Among Worst Cities, USA TODAY Says of Towns It Calls Home

Memphis

Media giant Gannett has compiled a list of what it says are the 50 worst cities to live in, and some of the top locations are towns where it operates newspapers, including two in Tennessee. USA TODAY compiled the list using data from 24/7 Wall Street, a website that publishes…

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Gannett Announces More Layoffs With Closure of Nashville Design Studio At The Tennessean

Gannett on Tuesday announced plans to shut down its Nashville Design Studio housed at The Tennessean, a closure that will affect up to 88 jobs. The design work will now be done in Des Moines, Iowa; Louisville, Kentucky; and Phoenix, Arizona. The transition is set to be complete Oct. 1. There will…

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Gannett’s ‘Tennessean’ Shrinks As The Tennessee Star Grows

Tennessee Star

  Gannett News, the far left mainstream media giant based in Tysons Corner, Virginia, announced drastic cuts in its staff in all its major Tennessee publications on Tuesday, including The Tennessean and The Daily News Journal here in Middle Tennessee. “Today we underwent and completed a reduction in personnel in…

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