So this was surprising;
The hunter has become the hunted. Newspaper publisher Gannett Co. may find it difficult to resist the advances of an activist investor and potential buyer.
MNG Enterprises Inc., the owner of the Boston Herald and Denver Post that’s backed by hedge fund Alden Global Capital, on Monday disclosed a 7.5 percent stake in Gannett and made an unsolicited offer to acquire it.
Someone wants to buy Gannett? Uh, okay. If it happens, I’m sure there will be changes to staff and content. I guess it all depends on if someone buys it.