McLean, Virginia-based Gannett Co. Inc. (NYSE: GCI) is closing in on a cash-and-stock deal to be acquired by GateHouse Media LLC parent company New Media Investment Group Inc. (NYSE: NEWM), according to The Wall Street Journal. The deal would combine Gannett with GateHouse, two of the country’s largest newspaper groups based on circulation. The two companies publish a combined 265 dailies and are seen as rivals in the struggling print newspaper market. A deal could be announced in the next few…
from https://www.bizjournals.com/baltimore/news/2019/07/19/gannett-in-talks-to-join-forces-with-rival.html?ana=RSS&s=article_search
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