Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

GateHouse Media poised to buy Gannett
NY POST ^ | uly 18, 2019 | 4:39pm | By Josh Kosman and Keith J. Kelly

Posted on 07/19/2019 10:27:25 AM PDT by Red Badger

GateHouse Media and its publicly traded publisher New Media Investment Group is deep in talks to buy USA Today owner Gannett — a merger that would make America’s biggest newspaper chain even bigger, The Post has learned.

The two parties had been previously reported to be in talks, but it was unclear until now that the deal was for the smaller Gatehouse to buy Gannett, which is already the biggest newspaper chain in the US by circulation.

Fairport, NY-based GateHouse — which owns nearly 700 papers across 39 states, including 156 dailies like the Columbus Dispatch in Ohio — is owned by Fortress Investment Group, a hedge fund controlled by business tycoon Wesley Edens.

“There’s about a 75 percent chance it happens,” a source close to the deal said. The two sides thought they were close to a deal earlier this month, the source said.

But another source insisted there are still hurdles to be cleared. “There’s nothing imminent,” the source said.

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


TOPICS: Business/Economy; Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: edens; gannett; gatehouse

1 posted on 07/19/2019 10:27:25 AM PDT by Red Badger
[ Post Reply | Private Reply | View Replies]

To: Red Badger

Is GateHouse equally leftist???


2 posted on 07/19/2019 10:28:09 AM PDT by madprof98
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger

Maybe “OutHouse” media will out bid them.
They have lots of paper as valuable as US Dollars.


3 posted on 07/19/2019 10:29:11 AM PDT by Macoozie (Handcuffs and Orange Jumpsuits)
[ Post Reply | Private Reply | To 1 | View Replies]

To: madprof98

Know nothing about them..............


4 posted on 07/19/2019 10:31:35 AM PDT by Red Badger (Against stupidity the gods themselves contend in vain......................)
[ Post Reply | Private Reply | To 2 | View Replies]

To: madprof98

https://en.wikipedia.org/wiki/Wes_Edens


5 posted on 07/19/2019 10:33:15 AM PDT by Red Badger (Against stupidity the gods themselves contend in vain......................)
[ Post Reply | Private Reply | To 2 | View Replies]

To: madprof98
The CEO of Gatehouse is on the BOD for the Associated Press, so probably not a good sign.
6 posted on 07/19/2019 10:38:26 AM PDT by Major Matt Mason (If the "Q Team" has it all, what are they waiting for?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red Badger

Here are his 2012 campaign contributions

https://www.campaignmoney.com/political/contributions/wesley-edens.asp?cycle=12


7 posted on 07/19/2019 10:40:02 AM PDT by marstegreg
[ Post Reply | Private Reply | To 1 | View Replies]

To: marstegreg

He appears to be a Democrat......................


8 posted on 07/19/2019 10:41:11 AM PDT by Red Badger (Against stupidity the gods themselves contend in vain......................)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Red Badger

A fool and their money are soon parted.


9 posted on 07/19/2019 10:59:32 AM PDT by mass55th ("Courage is being scared to death, but saddling up anyway." ~~ John Wayne)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Red Badger
When I wrote an article on white sharks here in Mass. I wanted it to be on FR which it is, and in my local paper.

I contacted Gatway media which handles my local paper and they said they would print in in its entirety .

Then I got an e- mail asking if they could print it in their other Mass. local papers. I said of course since it is relevant to all coastal New England papers.

I did some checking and found out Gateway Media have 50 different Newspapers in Mass., and many others around the country.

So far I have seen my article in 18 Mass. newspapers , it probably is in more,and will probably be in others as the summer goes on.

Gateway is a big outfit-Tom

10 posted on 07/19/2019 11:01:13 AM PDT by Capt. Tom
[ Post Reply | Private Reply | To 1 | View Replies]

To: Capt. Tom

Congratulations on your success!..................


11 posted on 07/19/2019 11:06:58 AM PDT by Red Badger (Against stupidity the gods themselves contend in vain......................)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Capt. Tom

Excellent! Congrats...

Thanks for the report.


12 posted on 07/19/2019 11:13:56 AM PDT by DoughtyOne (This space for rent...)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Red Badger

In related news the Pittsburgh Post-Gazette is cutting down to publishing three days per week.

And the Youngstown Vindicator is going away altogether next month.


13 posted on 07/19/2019 11:59:16 AM PDT by Buckeye McFrog (Patrick Henry would have been an anti-vaxxer.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Buckeye McFrog

Our local paper isn’t even printed here any more. It’s printed 60 miles away at their sister paper in Panama City and trucked here during the night. Needless to say, the ‘news’ is old by the time it gets here..............


14 posted on 07/19/2019 12:04:01 PM PDT by Red Badger (Against stupidity the gods themselves contend in vain......................)
[ Post Reply | Private Reply | To 13 | View Replies]

To: marstegreg

A Hillary supporter. Too many news outlets owned by one person is bad


15 posted on 07/19/2019 12:30:14 PM PDT by McGavin999 (injustice Roberts repeatedly making a mockery of the rule of law)
[ Post Reply | Private Reply | To 7 | View Replies]

To: Red Badger
why, it's utterly useless! we have two of them within 30 miles of each other and there's not a lick of difference in them except a few adds, the rest is leftist agitprop
16 posted on 07/19/2019 3:28:23 PM PDT by Chode (Send bachelors, and come heavily armed!)
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson