News Hedge fund-owned MNG reduces stake in Gannett to 4.2% May 22, 2019May 23, 2019Kelly Tyko, USA TODAYComments Off on Hedge fund-owned MNG reduces stake in Gannett to 4.2% Alden Global Capital's MNG Enterprises Inc., which launched a bid to acquire Gannett Co. in January, has reduced its stake in the company from 7.5%