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Gannett Co. acquires Midwest, South newspapers for $280M
Washington Post ^ | October 7, 2015 | Greg Moore

Posted on 10/07/2015 10:53:32 PM PDT by Zakeet

Gannett Co. has reached an agreement to acquire newspaper company Journal Media Group for $280 million, giving the media giant control of publications in more than 100 local markets in the U.S., company officials announced Wednesday evening.

Journal Media publications dot the Midwest and South and include the Milwaukee Journal-Sentinel, Memphis (Tennessee) Commercial-Appeal and Knoxville (Tennessee) News Sentinel.

Industry experts say the publications are a natural fit for Gannett’s strategy of maximizing short-term profits through managing the decline of publications in less competitive markets.

[Snip]

Journal Media Group was formed earlier this year, after Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati combined their broadcasting operations under the E.W. Scripps name and spun off newspaper holdings into a separate public entity.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: gannett; media; msm; newspapers; usatoday

Now a throw-away in more motels and airport lobbies than ever before ...

1 posted on 10/07/2015 10:53:32 PM PDT by Zakeet
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To: Zakeet

The ‘link only’ list will need updating. IIRC All Gannett properties are on it.


2 posted on 10/07/2015 10:59:04 PM PDT by JohnBovenmyer (Obama been Liberal. Hope Change)
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To: JohnBovenmyer; Jim Robinson
The ‘link only’ list will need updating. IIRC All Gannett properties are on it.

Good point.

Jim ... heads up for more additions to your fish-wrap and bird cage liner list!

3 posted on 10/07/2015 11:04:12 PM PDT by Zakeet (Make Chelsea Clinton the new ambassador to Lybia. What difference does it make?)
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To: Zakeet

A Throw-Away, which one, the newspaper or the president?


4 posted on 10/07/2015 11:14:19 PM PDT by lee martell
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To: Zakeet
for $280M

Sold for parts.


5 posted on 10/07/2015 11:19:56 PM PDT by 867V309 (Trump: Bull in a RINO Shoppe)
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To: Zakeet
Gannett owns the local newspaper. A liberal rag in a conservative area.

They keep pushing leftist ideas as their newspaper continues to shrink.

A prime example of "Stuck on Stupid"

6 posted on 10/07/2015 11:24:13 PM PDT by TYVets
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To: Zakeet

This sucks, we can’t post gannett here as it is.


7 posted on 10/08/2015 1:07:24 AM PDT by BBell
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To: Zakeet
Industry experts say the publications are a natural fit for Gannett’s strategy of maximizing short-term profits through managing the decline

Sounds like Obamas domestic policy... raid the remaining assets while burning everything down

8 posted on 10/08/2015 1:53:09 AM PDT by piasa (Attitude adjustments offered here free of charge)
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To: Zakeet

Still don’t understand why there is not a HUGE conservative newspaper monopoly. Are all rich people stupid when it comes to commie propaganda or are they only glad they are above the fray? Can’t we have truth propaganda?


9 posted on 10/08/2015 2:57:04 AM PDT by huldah1776
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