GateHouse’s deal to swallow Gannett may
be in trouble.
Investors don’t like it.
Shares of New Media (the GateHouse Media
parent) nosedived 33% after the deal finalization was announced.
Investors don’t like paying 11.5%
interest rate to borrow $1.8 billion from Apollo Global Management to finance
the deal.
Click on the blue
https://nypost.com/2019/08/07/new-media-deal-to-buy-usa-today-owner-gannett-is-hanging-on-for-dear-life/
to read the article.
At stake are 266 daily newspapers in America.
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