The combined company would have more than 260 daily papers in the U.S. along with more than 300 weeklies. Perinton-based GateHouse, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. Gannett and GateHouse parent New Media Investment Group stocks closed down in trading. It's looking like Gannett will be acquired by GateHouse creating a newspaper megachain like the U.S. has never seen. 1 year ago. About GateHouse and Gannett. Mr. Taylor leads Gannett's Events and Promotions business, which produces expos and world-class events and is the industry leader in event concept, production and execution. Gannett shareholders will own 49.5% of the new company, and New . This is truly terrible news for the newspapers owned by these companies. Of the 200 daily newspapers at the newly-merged Gannett Co. that file print circulation numbers publicly, more than 80% are losing circulation at a faster rate than the national average and 10% . (By this point, Gannett had already rebuffed the only suitor to have gone . Michael Reed will remain Chairman of the Board of Directors . Gannett had nearly double as much revenue in 2018 - $2 . GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in cash and stock, or about $1.4 billion. GateHouse was originally formed as Liberty Group Publishing in 1998, when Kenneth Serota bought 160 community newspapers from Hollinger International, with backing . Gannett and GateHouse parent New Media Investment Group stocks closed down in trading. GateHouse is based in Pittsford, New York and publishes 154 daily newspapers. In recent months, it seems, top US newspaper companies have been speed dating. Now the Tribune and the News-Leader are the only Missouri newspapers owned by Gannett. More than 560,000 have children in their household. In May, The Wall Street Journal reported that Gannett, the biggest of these companies by circulation, had talked to all of GateHouse, McClatchy, and Tribuneformerly tronc, with which Gannett has a messy historyabout a potential merger. 2 newspaper publishers, say it's full speed ahead. The combined company would take the Gannett name and keep its headquarters in Gannett's current home of McLean, Virginia. Our expanded network, including local daily and weekly products, local business publications, the iconic USA TODAY, digital . GateHouse parent New Media Investment Group, owner of The Dispatch, is purchasing Gannett for the equivalent of $12.06 per share in cash and stock, creating a company that will span 47 states with . Close. At the time of the merger, GateHouse owned a dozen Missouri newspapers and Gannett owned one, the Springfield . GateHouse parent New Media Investment Group will buy Gannett in a cash-and-stock transaction valued at around $1.4 billion that creates a media company with 263 dailies and reaching 145 million . 3. share. Gannett papers have already been brutally slashed. Gannett merged with GateHouse in late 2019 to become the largest newspaper chain in the U.S. with 261 newspapers in 46 states. GateHouse has closed its $1.1 billion takeover of Gannett, becoming the country's largest newspaper company by far as the industry . Two of the nation's biggest newspaper groups, Gannett and GateHouse Media, merged last November. More than 660,000 have a household income of $100,000 or more. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Now the Tribune and the News-Leader are the only Missouri newspapers owned by Gannett. GateHouse's $1.1 billion purchase of Gannett, the parent company of USA Today and more than 100 other media outlets, was announced in early August and completed Nov. 19. About GateHouse and Gannett. "This week, GateHouse closed on its acquisition of Gannett, creating a single company of 256 dailies, and 18% of the press -- and it is controlled by PE Fortress Investment Group. Expertise plus audience equals results. The Gannett Co. headquarters in McLean, Va. MNG Enterprises Inc., also known as Digital First Media, has made a $12-a-share offer for the newspaper publisher. 1.2 million are homeowners. In Oregon, the Statesman Journal in Salem is owned by Gannett and GateHouse . The newspaper industry mega deal in which GateHouse Media's parent company plans to buy USA Today parent Gannett Co., combining the two largest newspaper chains in the country, faces its final . The combined company, which now owns 261 newspapers and hundreds of weekly publications across the U.S., will keep the Gannett name and the latter's headquarters in McLean . It publishes 156 daily newspapers, most in . NEW YORK Just a week after announcing its $1.4 billion acquisition of Gannett, GateHouse Media was again laying off journalists and other workers at its newspapers, possibly foreshadowing the Mr. As Gannett, GateHouse prepare to merge, cost-cutting and job losses at newspapers goes on. GateHouse and Gannett say the merger will allow GateHouse to accelerate its newspapers' move to digital while paying down huge sums GateHouse borrowed in order to fund the acquisition. Learn More. Just a week after announcing its $1.4 billion acquisition of Gannett , GateHouse Media was again laying off journalists and other workers at its newspapers, possibly foreshadowing the future . Just a week after announcing its $1.4 billion acquisition of Gannett , GateHouse Media was again laying off journalists and other workers at its newspapers, possibly foreshadowing the future . GateHouse, Gannett join, become largest US newspaper chain. In 2019, Gannett completed its merger with New Media Investment Group, the parent company of Gatehouse Media, to become the largest newspaper publisher in the country. The new company will be called Gannett. The parent of the nation's second-largest newspaper company, Gatehouse Media, has struck a $1.38 billion agreement to acquire USA Today publisher Gannett in a cash-and-stock deal. Report . As of June 30, 2019, New Media operates in over 600 markets across 39 states reaching over 21 million people on a weekly basis and serves over 200,000 business customers.

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