Denver Post owner launches hostile bid to take over Gannett’s board

Digital First Media Inc. is launching a hostile takeover bid of Gannett Co.’s board of directors just days after the publisher of USA Today and other newspapers rejected a $1.4 billion buyout offer from the hedge fund-backed media company.

Gannett said Thursday that Denver Post owner Digital First — officially known as MNG Enterprises Inc. and owner of about 7.5 percent of Gannett’s stock — notified the company of its intent to nominate six candidates for Gannett’s upcoming board election.…

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