You might have heard: Apollo’s acquisition of Digital First Media was nearing completion in April, and Gannett will acquire 10 DFM papers
But did you know: Apollo Global Management will no longer acquire Digital First Media for $400 million, a price Ken Doctor said had been wavering in the last several months. DFM CEO John Paton says the company will not be sold to a single buyer, and Doctor says papers will likely be sold in regional clusters and even individually. Paton says there will be “a horse-trading of assets,” and to expect both selling and buying by DFM.
The post Apollo is withdrawing from its bid for Digital First Media appeared first on American Press Institute.
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