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