‘Nobody believes’ Gannett-GateHouse merger projections, Leon Cooperman says
November 01, 2019 at 14:37 PM EDT
In an interview with the Business Journal, the founder of Omega Advisors Inc. said that the current stock price for New Media Investments Group (NYSE: NEWM), which owns GateHouse, is lower than expected for a company with similar earnings, suggesting that investors believe the revenue projections under the combined company are too rosy.