Fly on the Wall 1575 

Neverending Gannett?

Sometimes it's probably helpful to remind readers why Fly on the Wall has been obsessed with MediaNews Group's unfriendly attempt to acquire Gannett, The Commercial Appeal's parent company.

Hedge fund-owned media companies like MNG/Alden Global Capital, have a history of quickly re-selling or shutting down properties with no valuable assets that can't be shrunk into double-digit profitability. And if the CA shuts down, FOTW won't have nearly as many funny headline typos to make jokes about.

This isn't the only example of tough times making strange bedfellows, either. Last week the NewsGuild and Teamsters unions urged Gannett stockholders to reject the six directors nominated by MNG/Alden, a minority shareholder.

"We believe that hedge funds in general and Alden in particular have had a destructive impact on the news industry," the unions' letter stated somewhat ironically given Gannett's similar, if less severe business strategies and decades of corporate union busting. The union support follows a Gannett-issued factsheet aimed at correcting relevant statements by MNG that may be false or misleading.

Neverending Elvis

It may have just gotten easier to rebuild Graceland anywhere in the world.

The official Elvis Presley Twitter account helped an Elvis fan from Denmark get the mandatory 10,000 supporters to move his plan for a Graceland Lego set to the next level.

click to enlarge flyby_fotw.jpg

Keep the Flyer Free!

Always independent, always free (never a paywall),
the Memphis Flyer is your source for the best in local news and information.

Now we want to expand and enhance our work.
That's why we're asking you to join us as a Frequent Flyer member.

You'll get membership perks (find out more about those here) and help us continue to deliver the independent journalism you've come to expect.


Favorite

Tags:

Comments

Subscribe to this thread:

Add a comment

ADVERTISEMENT
ADVERTISEMENT
    • MEMernet

      A round-up of Memphis on the World Wide Web.
    • Bag Ban Blocked

      Plastic bags can flow freely, thanks to state lawmakers.

The Latest

Hungry Memphis

Pickle Fest 2019 to be held at Hollywood Cafe

Politics Feature

Money Talk: A Look at Council Race Funding

Film Features

Scary Stories To Tell In The Dark

Film/TV/Etc. Blog

Dispatch War Rocket Ajax to Time Warp Drive-In's FUTURECOOL

We Saw You

Elvis is Everywhere!

Music Features

1000 Lights: Zen and the Art of Stooges Covers

Letter From The Editor

Save the Swamp

Art Feature

Frida at Frist

ADVERTISEMENT

More by Chris Davis

Readers also liked…

  • Art Dollars

    Q&A with Lauren Kennedy, executive director of the UrbanArt Commission
    • Jan 4, 2018
  • Moving Water

    Leaders plunge into water issues for the present and the future.
    • Jan 25, 2018
  • TVA Land

    Groups hit agency on pricing and water tests.
    • Feb 8, 2018
ADVERTISEMENT
© 1996-2019

Contemporary Media
460 Tennessee Street, 2nd Floor | Memphis, TN 38103
Visit our other sites: Memphis Magazine | Memphis Parent | Inside Memphis Business
Powered by Foundation