Various news industry entities are weighing in on Digital
First Media’s bid for newspaper giant Gannett.
Digital First Media, which is owned by the New York
“The destruction of local newspapers by hedge
funds and private equity firms is an underreported national crisis for our
democracy, so today’s announced proposal by Digital First Media to
purchase Gannett is of the greatest concern,” said a statement from
The NewsGuild. “The NewsGuild opposes any such purchase by DFM,” the statement
said.
The NewsGuild-CWA (Communications Workers of
America) is a union representing journalists, interpreters and
translators, social justice workers, and nonprofit and public-sector
professionals in North America . It’s
affiliated with the AFL-CIO.
Digital First Media “has earned widespread
condemnation for ruthless cost-cutting that has gutted its award-winning daily
newspapers across the country,” the statement says.
The deal” should demand close regulatory
scrutiny,” the statement says.
Ken Doctor, in his Newsonomics column, postulates that the Alden bid may ultimately
lead to a Tribune-Gannett merger, now that McClatchy recent bid for Tribune
Publishing failed.
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