New Media and Gannett expect to close acquisition deal next week

NEW MEDIA, owner of the Providence Journal, announced that investors of its company and Gannett Co. have both approved a merger deal in which New Media acquires Gannett. PBN PHOTO/ARTISTIC IMAGES
NEW MEDIA, owner of The Providence Journal, announced that investors of its company and Gannett Co. have both approved a merger in which New Media acquires Gannett. PBN PHOTO/ARTISTIC IMAGES
PROVIDENCE – New Media Investment Group Inc. and Gannett Co. shareholders have both approved New Media’s more than $1 billion acquisition of Gannett, the companies announced on Thursday. The companies expect to complete a merger on Nov. 19. The acquisition will be via a mix of cash and stock. The deal was announced in July.…

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