The Gannett Company, owner of USA Today, the Detroit Free Press, and more than 100 other newspapers, is seeking to purchase Gizmodo Media Group, a network of sites that includes The Onion and former Gawker Media mainstays Deadspin and Jezebel. Over the decades, Gannett has earned a reputation for buying up media outlets, cutting their staffs, and liquidating some of their assets.
But now, as Bloomberg’s Brooke Sutherland put it, “the hunter has become the hunted.” Digital First Media, the news appendage of Alden Global Capital, is attempting a hostile takeover of Gannett to the tune of $1.4 billion. While Gannett may emphasize profits over Pulitzers, Digital First’s reputation is much, much worse. Its acquisition of Gannett would be “a waking nightmare for anyone who cares about newspapers,” proclaimed The…
