Powered by

A giant merger touches 3 Oregon media outlets

Aug 05, 2019 - Portland Business Journal (Oregon)
Mergers and Acquisitions

New York-based New Media Investment Group Inc., which runs the GateHouse chain of local community newspapers, announced it will acquire newspaper publisher Gannett Co. Inc. for about $1.34 billion in cash and stock.

The move could affect three well-known Oregon media outlets. GateHouse owns the Eugene Register-Guard and the Daily Journal of Commerce, in Portland. Gannett owns the Statesman-Journal, in Salem.

The agreement works out to $6.25 in cash and 0.5427 of a New Media share for...