It's the possibility that top Gannett investors Brandes Investment Partners and AXA Financial may turn aggressive in their approach to management, forcing change that Gannett's board of directors doesn't want.
That's what forced Knight Ridder out of business. And it appears to be happening with increasing fervor at the New York Times Co., where Harbinger Capital Partners "again loaded up on New York Times Co. stock, disclosing late Monday that it now owns a 19.03% stake in the publishing company,'' trade publication Editor & Publisher says.
Noted: Gannett's board is meeting today and tomorrow.
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Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."
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