‘Nobody believes’ Gannett-GateHouse merger projections, Leon Cooperman says

Billionaire investor Leon Cooperman said Friday that “nobody believes any of the numbers coming out” regarding financial projections for Gannett Inc. after its merger with the parent company of GateHouse Media, which is expected to close this month.In an interview with the Business Journal, Cooperman cited the fact 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. The reason? Mo