Gannett Co. suitor Digital First Media has hired a financial adviser as it seeks to press its $1.4 billion bid for the USA Today publisher. Digital First recently retained investment bank Moelis & Co. for advice on the bid and how to fund it, according to people familiar with the matter. It is also being advised by law firm Olshan Frome Wolosky LLP.

Source: Wall Street Journal February 01, 2019 12:22 UTC