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Gannett notches victory in hostile takeover bid

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Gannett fended off the latest attack in a hostile takeover bid.

All eight of the newspaper chain's board nominees won election, rejecting Digital First Media's attempt to win control of the board by nominating its own members.

Digital First Media, aka MNG Enterprises, has attempted to take over Gannett since the first of the year.

Read more from CNN Business.


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