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Gannett's Loss Widens as Ad, Circulation Revenue Fall



Gannett Co., which is facing a takeover bid, reported a wider loss for its latest quarter as advertisers continued to turn away from print media and circulation revenue fell.

Last month, MNG Enterprises Inc., better known as Digital First Media, offered to purchase Gannett for $ 12 a share-valuing the publisher at $ 1.36 billion-after building up a stake in the company.

Gannett …
  


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