GateHouse, Gannett to merge for $1.4B, build newspaper giant
August 6, 2019
GateHouse Media, a fast-growing chain backed by an investment firm, is buying USA Today owner Gannett, promising to speed up a digital transformation as readers shift online. The companies say they are committed to “journalistic excellence” — while also cutting $300 million in costs every year.
The resulting company would be the largest U.S. newspaper company by far, with a print circulation of 8.7 million, 7 million more than the new No. 2, McClatchy, according to media expert Ken Doctor.
Read more at: https://www.wspa.com/news/national/gatehouse-gannett-to-merge-for-1-4b-build-newspaper-giant/
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