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"Gannett will cut more than 400 jobs from recently-acquired North Jersey Media Group by the end of the week due to a new digital restructuring plan announced Wednesday, NorthJersey.com reports.Approximately half of the staffers, however, ...", hackensack.dailyvoice.com
"A company executive said Wednesday the layoffs are needed to improve the financial sustainability of the North Jersey Media Group, which publishes The Record, NorthJersey.com and other newspapers. The layoff notices are required under state and federal law when a private company plans wide-scale layoffs.", www.timesunion.com
"There is nothing new yet on the table, but one source close to Gannett said the company might sweeten its offer for Tribune Publishing above the $15 a share now on the table — but only if looked like that would help close a deal. The Gannett board as recently as last week was mulling the possibility of walking away but was heartened by the volume of withheld votes in the just-concluded voting for the Tribune board of directors, the source said. The huge number of withheld votes shows that there are a lot of rebellious shareholders who are angry Tribune Chairman Michael Ferro’s is fighting Gannett’s hostile takeover bid. Close to 49 percent withheld votes. The Gannett board will now leave the offer in the table for the foreseeable future and watch the next quarter’s results for Tribune to see if the numbers continue to erode, the source said. Tribune Publishing is in the midst of switching its corporate name to tronc — with a lowercase", nypost.com
"Tribune Publishing Co has decided to reject Gannett Co Inc's latest $864 million takeover proposal, but will agree to share confidential information with the U.S. newspaper company, people familiar with the matter said on Sunday. The move offers a path for Gannett, owner of USA Today, and Tribune Publishing, which owns a stable of newspapers including the Los Angeles Times and the Chicago Tribune, to engage in negotiations following a bitter dispute.", www.todayonline.com
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