Gannett in Fight with Journal Shareholder Over Takeover

Courthouse News: Shareholders have challenged the latest newspaper merger, a $280 million deal that would sell the Milwaukee Journal Sentinel, the Memphis Commercial Appeal and 12 other dailies to Gannett for $12 a share. Lead plaintiff Stephen Seifert sued the Journal Media Group, six members of its board, and Gannett, in a class action in Milwaukee County Court.