‘Nobody believes’ Gannett-GateHouse revenue projections, hedge fund founder says

//‘Nobody believes’ Gannett-GateHouse revenue projections, hedge fund founder says

‘Nobody believes’ Gannett-GateHouse revenue projections, hedge fund founder says

Billionaire investor Leon Cooperman says “nobody believes any of the numbers coming out” regarding financial projections for Gannett Inc. after its merger with the parent company of GateHouse Media. In an interview with the Boston Business Journal, Cooperman cited the fact that the stock price for New Media Investment Group (NYSE: NEWM), which owns GateHouse, is lower than expected for a company with similar earnings. The reason? Most investors believe the revenue projections under the combined…

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By | 2019-11-05T15:34:26+00:00 November 5th, 2019|Media|

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