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Gannett receives buyout proposal

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Gannett Co., the owner of USA Today and the Springfield News-Leader, received a $1.36 billion buyout offer.

MNG Enterprises, better known as Digital First Media, made the bid.

The hedge-fund backed MNG reportedly has a 7.5 percent stake in Gannett and has repeatedly been rejected about a sale.

Read more from The Associated Press.

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