Cost-cutting MNG reaches deal to buy bankrupt Reading Eagle

MNG Enterprises, after losing its $1.36 billion bid to stage a hostile takeover of Gannett, this week got a consolation prize when it reached a deal to pay $5 million to acquire the Reading Eagle out of Chapter 11 bankruptcy. According to a WARN (Worker Adjustment and Retaining Notification) notice filed with the Pennsylvania Department...

from Media | New York Post https://nyp.st/2HyJZOD