Hedge-Fund-Backed Media Group Prepares Bid for Gannett – WSJ
A hedge-fund-backed media group known for buying up struggling local papers and cutting costs is planning to make an offer for USA Today publisher Gannett Co. GCI 0.52% , according to people familiar with the matter. MNG Enterprises Inc., one of the largest newspaper chains in the country, has quietly built a 7.5% position…