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Gannett board rejects hostile takeover bid. But that may be just the start.

(Richard Drew | AP file photo) In this Aug. 5, 2014, file photo, specialist Michael Cacace, foreground right, works at the post that handles Gannett on the floor of the New York Stock Exchange. Gannett, publisher of USA Today, said Monday, Feb. 4, 2019, that its board has unanimously rejected a $1.36 billion buyout offer from a media group with a history of taking over struggling newspapers and slashing jobs.