New Media buying Gannett for $1.4 billion to form news giant

NEW MEDIA INVESTMENT Group has agreed to purchase Gannett for $1.38 billion. New Media owns and operates the Providence Journal. / PBN FILE PHOTO/BRIAN MCDONALD
NEW MEDIA INVESTMENT Group has agreed to purchase Gannett for $1.38 billion. New Media owns and operates the Providence Journal. / PBN FILE PHOTO/BRIAN MCDONALD
NEW YORK – New Media Investment Group Inc. agreed to acquire Gannett Co. in a $1.38 billion deal that unites the two biggest United States daily newspaper chains in an industry that’s consolidating to survive. The merged entity will be a local news giant that owns more than one-sixth of all daily newspapers in the…

Register to keep reading or subscribe today and receive unlimited access.
Register Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

No posts to display