We keep an eye out for the most interesting stories about Labby subjects: digital media, startups, the web, journalism, strategy, and more. Here’s some of what we’ve seen lately.
“The 11-page analysis produced by the union argues that the deal GateHouse and Gannett reached will unnecessarily lead to more cuts to the benefit of Wall Street investors…The union suggests in its report that private equity giants Fortress Investment Group and Apollo Global Management are getting the best of the deal…Apollo is issuing a $1.8 billion loan to finance the deal, at an expensive 11.5 percent interest rate, and could gain control of the board if the company does not meet financial expectations, the union determined.” —JB
Tags:
Bernie Lunzer,
cutbacks,
Gannett,
GateHouse Media,
NewsGuild,
unions
