GateHouse Media to Buy Austin American-Statesman for $47.5M in Cash
The sale is expected to close this spring.
Last week New Media Investment Group, Inc. (NYSE: NEWM), parent company of GateHouse Media, agreed to buy the Austin American-Statesman for $47.5 million in cash. GateHouse is one of the largest publishers of local newspapers in the United States. At year end, GateHouse published 142 daily newspapers, more than 466 community papers and more than 569 local market websites, reaching more than 22 million people each week in 38 states and 565 markets.
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