Feb 4, 2019

Gannett rejects Digital First Media's buyout offer

The Gannett-USA Today headquarters in McLean, Virginia. Photo: Paul J. Richards/AFP/Getty Images

Local media conglomerate Gannett Co. rejected a takeover bid from MNG Enterprises, which does business as Digital First Media, on Monday, saying in a statement that the proposal undervalues the company and "is not credible."

Details: In January, Digital First Media offered to buy Gannett for $12 a share in cash, a 23% premium above its most recent closing price at the time. At the time, experts worried the deal could have throttled an already dwindling quality of local news in the U.S. MNG blasted Gannett's decision, saying it has "no credible plan to attain a $12 per share valuation on its own" while Gannett said it is still open to selective acquisitions that "appropriately [value]" the company.

Go deeper: Study: Loss of local newspapers fuels polarization

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Rebecca Falconer

In photos: Life in the era of coronavirus across the U.S.

Lauryn Morley, a lower school substitute teacher for the Washington Waldorf School in Bethesda, Maryland, works from her home in Arlington, Virginia. Photo: Olivier Douliery/AFP via Getty Images

The number of novel coronavirus cases in the U.S. has grown from one on Jan. 21 to over 312,000 by early Sunday, per Johns Hopkins.

The big picture: Roughly 3/4 of the American population is on lockdown, with social distancing measures and other orders in place across the country. Here's how Americans are coping with the massive upheaval the outbreak has brought, in photos.

See photos29 mins ago - Health

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

Global: Total confirmed cases as of midnight ET: 1,202,827 — Total deaths: 64,771 — Total recoveries: 246,886 — Map.
U.S.: Total confirmed cases as of midnight ET: 312,076 — Total deaths: 8,496 — Total recoveries: 14,997 — Map.
Public health latest: CDC launches national trackers and recommends face coverings in public. Federal government will cover costs of COVID-19 treatment for uninsured. The virus is hitting poor, minority communities harder and upending childbirth.
2020 latest: "We have no contingency plan," Trump said on the 2020 Republican National Convention. "We're having the convention at the end of August."
Business updates: Restaurants step up for health care workers. Employees are pressuring companies to provide protections during coronavirus.
Oil latest: Monday meeting among oil-producing countries to discuss supply curbs is reportedly being delayed amid tensions between Saudi Arabia and Russia.
Education update: Many college-age students won't get coronavirus relief checks.
1 🏀 thing: The WNBA postpones start of training camps and season.
What should I do? Pets, moving and personal health. Answers about the virus from Axios experts — What to know about social distancing — Q&A: Minimizing your coronavirus risk.
Other resources: CDC on how to avoid the virus, what to do if you get it.

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Keep ReadingUpdated 1 hour ago - Politics & Policy

Axios

World coronavirus updates: Confirmed cases top 1.2 million

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens and confirmed plus presumptive cases from the CDC

The number of novel coronavirus cases surpassed 1.2 million worldwide Saturday night, as Spain overtook Italy as the country with the most infections outside the U.S. The global death toll has surpassed 64,700, per Johns Hopkins data.

The latest: The United Kingdom's Queen Elizabeth II will speak in a televised address on the coronavirus Sunday of the "disruption that has brought grief to some, financial difficulties to many, and enormous changes to the daily lives of us all," per the BBC. The U.K. death toll rose 708 to 4,313 on Saturday — the fourth highest in the world.

Go deeperUpdated 4 hours ago - Health