Opinion: USA Today parent Gannett’s sale to GateHouse means cuts

NEW MEDIA INVESTMENT Group has agreed to purchase Gannett for $1.38 billion. New Media owns and operates the Providence Journal. / PBN FILE PHOTO/PAM BHATIA
NEW MEDIA INVESTMENT Group has agreed to purchase Gannett for $1.38 billion. New Media owns and operates the Providence Journal. / PBN FILE PHOTO/PAM BHATIA
Better the devil with money than the devil without it. USA Today publisher Gannett Co. announced late Monday that it would sell itself to New Media Investment Group Inc. in a cash-and-stock deal valued at $1.9 billion including debt, or about $12.06 a share based on last week’s closing prices. The agreement combines the two largest newspaper…

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