‘Nobody believes’ Gannett-GateHouse merger projections, billionaire investor says

//‘Nobody believes’ Gannett-GateHouse merger projections, billionaire investor says

‘Nobody believes’ Gannett-GateHouse merger projections, billionaire investor says

Billionaire investor Leon Cooperman said Friday that “nobody believes any of the numbers coming out” regarding financial projections for Gannett Inc., owner of the Milwaukee Journal Sentinel, after its merger with the parent company of GateHouse Media, which is expected to close this month. In an interview with the Boston Business Journal, Cooperman cited the fact that the current stock price for New Media Investments Group (NYSE: NEWM), which owns GateHouse, is lower than expected for a company…

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By | 2019-11-01T19:36:51+00:00 November 1st, 2019|Media|

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