Powered by

Gannett, the Owner of USA Today, Is About to Get a Whole Lot Bigger

Aug 05, 2019 - The New York Times
Mergers and Acquisitions

An agreement between two large newspaper chains on Monday laid the groundwork for a new publishing behemoth while raising questions about future investments in local journalism.

New Media Investment Group, a holding company that controls GateHouse Media, announced that it had agreed to buy Gannett, the owner of USA Today and more than 100 other publications nationwide, in a transaction valued at roughly $1.4 billion.

Once combined, GateHouse and Gannett will publish more than 260 dai...