Newspaper chain GateHouse buying Gannett, USA Today owner

Newspaper chain GateHouse buying Gannett, USA Today owner

5 years ago
Anonymous $ZuTig1gZkQ

https://apnews.com/a0409119ab71400b944662fc770593a0

NEW YORK (AP) — Two of the country's largest newspaper companies have agreed to combine in the latest media deal driven by the industry's struggles with a decline of printed editions.

GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. The combined company would have more than 260 daily papers in the U.S. along with more than 300 weeklies.