Publisher of medieval hobbyist newspaper purchases Gannett Inc. for US$2.2 billion

The owner of an obscure chain of medieval recreation hobbyist publications has purchased all the assets of media giant Gannett Inc. in an unsolicited, hostile takeover bid that included cash, letters of credit from half a dozen "kingdoms" in which she publishes, and an unspecified quantity of "chocolate Chaucers," apparently some kind of alcoholic beverage.

For more on this breaking story, go to The Pennsic Independent at the link below.