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MNG Enterprises Reveals 9.4% Stake in New Media, Protests Gannett Deal

(Reuters) Newspaper chain MNG Enterprises revealed a 9.4% stake in New Media Investment Group Inc (NEWM.N) on Friday, and said it may decide to vote or campaign against the company’s proposed deal with Gannett Co (GCI.N). MNG, now one of the top shareholders in New Media, said the Gannet deal may not be in the best interest of New Media shareholders, adding it would propose other strategic options.

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