New Media to buy Gannett for $1.4 billion, creating biggest U.S. newspaper publisher

August 5, 2019 admin Business News Comments Off on New Media to buy Gannett for $1.4 billion, creating biggest U.S. newspaper publisher

Local media company New Media Investment Group said on Monday it will buy USA Today-owner Gannett Co in a $1.4 billion deal, creating the biggest newspaper owner in the United States as publishers struggle with readers shifting to online sources for news.

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Source:: Reuters – Business News