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The media industry has been rocked by layoffs that claimed over 2,400 jobs since the beginning of January.
MNG or Digital First Media is planning to make an offer for USA Today owner Gannett at $12 per share
The owner of the USA Today is not buying the owner of the Chicago Tribune and the stocks are crashing.
The deal talks are still ongoing, and both companies are working to make it happen, according to the report.
Newspapers are falling aside to make room for digital media, but this one company is fighting back
Tribune said Gannett's offer understated its value.
Gannett has proposed to buy Tribune Publishing for $12.25 a share in cash.
4 of the biggest media publishers in the US are forming an advertising company to take on The New York Times and Wall Street Journal
Nucleus will be headed up by former Mashable CRO and former New York Times VP of advertising Seth Rogin.