GateHouse Media and Gannett Co. said the deal will cut up to $300 million in costs annually and help speed up a digital transformation.
from 2008 to 2018, according to Pew Research, and layoffs have continued this year.
Those cuts could give the owners “a cushion of time” to figure out how to improve their digital businesses, longtime industry analyst Rick Edmonds of the Poynter InstituteBut it’s no panacea. “I don’t think, just by these companies merging, they’re going to somehow magically find a new business model, make everything all right and produce robust journalism at a local level,” Butler University journalism professor Nancy Whitmore said.
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Newspaper chain GateHouse buying Gannett, USA Today ownerNEW YORK (AP) — Two of the country's largest newspaper companies have agreed to combine in the latest media deal driven by the industry's struggles with a decline of printed...
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Newspaper chain GateHouse buying Gannett, USA Today ownerTwo of the country's largest newspaper companies have agreed to combine in the latest media deal driven by the industry's struggles with a decline of printed editions.
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New Media to buy USA Today-owner Gannett in $1.4 billion dealNew Media Investment Group said on Monday it will buy USA Today-owner Gannett Co...
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