When Gannett, parent company of the Courier News, the Home News, the Asbury Park Press, the Daily Record, and over 80 other newspapers nationwide, including USA Today, filed a change-of-control plan with the SEC on Thursday, alarm bells started going off with employees and investors.
The news picked up steam over the weekend, and this morning's Times takes a tongue-in-cheek poke at the company's defense of the move as no-news news.
Whenever the top leadership of a corporation files an 'I-get-my-money-first' declaration, you have to begin to think a sale is coming.
Which might leave newspaper readers in Central Jersey wondering, now that the Courier and the Home News look like they're being melded.
But not to worry, at the top execs will be taken care of.
NY Times - Monday: "A Filing by Gannett Has Set Off Alarms, and Reassurances"
AP - Sunday: "Gannett chairman attempts to stifle takeover talk"
-- Dan Damon
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1 comments:
If I worked for Gannett I'd be worrying about my pension--when the bosses start talking about getting their money out, you can expect bad things to happen to the people who work for them.
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