Financial News

‘Nobody believes’ Gannett-GateHouse merger projections, Leon Cooperman says

In an interview with the Business Journal, the founder of Omega Advisors Inc. said that the current stock price for New Media Investments Group (NYSE: NEWM), which owns GateHouse, is lower than expected for a company with similar earnings, suggesting that investors believe the revenue projections under the combined company are too rosy.
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