Feb 4, 2019 - Economy & Business

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

Go deeper

Ben Geman, author of Generate
14 mins ago - Energy & Environment

How a conservative Supreme Court would impact climate policy

Illustration: Sarah Grillo/Axios

Amy Coney Barrett's likely ascension to the Supreme Court would affect climate policy beyond shoving the court rightward in the abstract.

Why it matters: If Joe Biden wins the presidential election, his regulations and potential new climate laws would face litigation that could reach the high court.

Go deeper (1 min. read)Arrow
Axios
Updated 54 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 33,138,963 — Total deaths: 998,380 — Total recoveries: 22,953,639 — Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 7,116,455 — Total deaths: 204,762 — Total recoveries: 2,766,280 — Total tests: 101,298,794 — Map.
  3. States: 3 states set single-day coronavirus case records last week
  4. Health: The childless vaccine — Why kids get less severe coronavirus infections.
  5. World: India the second country after U.S. to hit 6 million cases
Go deeper (<1 min. read)Arrow
Ashley Gold
1 hour ago - Technology

Exclusive: Where Trump and Biden stand on tech issues

Photo illustration: Aïda Amer/Axios. Getty Images photos: Win McNamee and Saul Loeb/AFP

Joe Biden has laid out a more concrete tech agenda whereas President Trump has focused on tax cuts and deregulation while criticizing tech firms for anti-conservative bias. That's according to a side-by-side analysis of the two candidates' tech records by the Information Technology & Innovation Foundation shared exclusively with Axios.

Why it matters: The tech industry needs to prepare for either four more years of Trump's impulsive policy approach or for a Biden administration that's likely to be critical of tech but slow to take action.

Go deeper (1 min. read)Arrow