New Media to buy USA Today-owner Gannett in $1.4 billion deal

New Media to buy USA Today-owner Gannett in $1.4 billion deal

US’ two large newspaper groups plan to merge. Gannett that owns USA Today and more than a hundred local papers will be acquired by New Media Investment Group but retain Gannett’s name. The cash and stock deal values Gannett at about $1.4 billion. This will make them the largest newspaper publisher in the country.

Tom A
Tom A
Prodigal Liberal
Prodigal Liberal 6 months

So long as they stay neutral and China doesn't buy it.

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