Gannett Journal Media Group, USA Today buyer Gannett Co. is advancing a accord to buy Journal Media Group, buyer of the Milwaukee Journal Sentinel and added newspapers, in a assurance a long-awaited annular of alliance in the abandoned industry may be beneath way.
The accord could be appear as aboriginal as Thursday and amount Journal Media at just beneath $300 million, according to humans accustomed with the matter.
Journal Media had a bazaar amount of $192 actor at Wednesday’s close, acceptation Gannett would be paying a almost big takeover premium. Gannett had a amount of $1.7 billion.
The accord would add Journal Media publications — which cover a scattering of dailies besides the Journal Sentinel as able-bodied as dozens of association affidavit throughout the Midwest and South — to Gannett’s arrangement of 92 mostly small- and medium-market circadian newspapers in the U.S.
An broadcast adaptation of this address is accessible at WSJ.com.
The accord could be appear as aboriginal as Thursday and amount Journal Media at just beneath $300 million, according to humans accustomed with the matter.
Journal Media had a bazaar amount of $192 actor at Wednesday’s close, acceptation Gannett would be paying a almost big takeover premium. Gannett had a amount of $1.7 billion.
The accord would add Journal Media publications — which cover a scattering of dailies besides the Journal Sentinel as able-bodied as dozens of association affidavit throughout the Midwest and South — to Gannett’s arrangement of 92 mostly small- and medium-market circadian newspapers in the U.S.
An broadcast adaptation of this address is accessible at WSJ.com.
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