![]() ![]() “Uniting our talented employees and complementary portfolios will enable us to expand our comprehensive, hyperlocal coverage for consumers, deepen our product offering for local businesses, and accelerate our shift from print-centric operations to dynamic multimedia operations.” “The union of our two great companies signifies an enormous shift in our industry,” said New Media CEO Mike Reed. Gannett, based in McLean, Virginia, has a long history as publisher of USA TODAY and more than 100 local brands, including The Arizona Republic, the Detroit Free Press and the Milwaukee Journal Sentinel. GateHouse papers include the Austin American-Statesman, Columbus Dispatch, Providence Journal and Savannah Morning News. GateHouse, based in Pittsford, New York, publishes 154 daily newspapers with legacies of in-depth, hyperlocal news in large, mid-size and smaller markets. This transaction is subject to regulatory review, which is anticipated to take several months. This ground-breaking acquisition will create the largest local news publishing organization in the country and ushers in a new era of American journalism. Mike Reed, Chairman and CEO of New Media, will serve as Chairman and CEO of the combined public company. Following closing, both the public and operating companies will be called Gannett. 5 – New Media Investment Group Inc., the public parent company of GateHouse Media, has signed an agreement to acquire Gannett Co. Republished from the State Journal-Register, Springfield ![]()
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