GateHouse Media and Gannett Announce Mega Merger Valued at $1.4B
Deal unanimously approved by both companies' boards
On Monday, New Media Investment Group (NYSE: NEWM), who owns GateHouse Media, agreed to buy Gannett (NYSE: GCI) in a cash and stock deal valued at $1.4 billion. Gannett is the owner of USA TODAY, the Detroit Free Press, the Arizona Republic and more than 100 other publications across the country. GateHouse Media owns 154 daily newspapers in 39 states. Together, the merged company will operate 263 daily media organizations across 47 states and Guam with a combined audience of over 145 million unique monthly visitors. The merged company will use the Gannett name.
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