Gannett Journal Media Group, Newspaper accumulation Gannett appear Wednesday that it would acquirement Journal Media Accumulation for $280 million.
Gannett said the acquirement will add 15 circadian and 18 account publications advance over nine states. It is aswell accepted to addition anniversary acquirement by $450 million, according to a statement.
"The publications of both Gannett (GCI) and Journal Media Accumulation (JMG) accept a affluent history, a charge to journalism, and a adherence to allegorical and getting alive associates in the communities we serve," said Gannett CEO Robert Dickey in a statement. "Our alliance will amalgamate the best of anniversary of our organizations to actualize a journalism-led, investor-focused aggregation which will accommodate abundant amount to the shareholders of both companies."
Milwaukee-based bi-weekly publishing aggregation Journal Media Accumulation was built-in in April afterwards the E.W. Scripps Aggregation purchased Journal Communications. Scripps retained the firm's advertisement assets, but spun off both companies' bi-weekly operations into Journal Media Group.
Gannett, which publishes newspapers including USA Today and the Detroit Free Press, expects to complete the accretion in aboriginal 2016.
Gannett said the acquirement will add 15 circadian and 18 account publications advance over nine states. It is aswell accepted to addition anniversary acquirement by $450 million, according to a statement.
"The publications of both Gannett (GCI) and Journal Media Accumulation (JMG) accept a affluent history, a charge to journalism, and a adherence to allegorical and getting alive associates in the communities we serve," said Gannett CEO Robert Dickey in a statement. "Our alliance will amalgamate the best of anniversary of our organizations to actualize a journalism-led, investor-focused aggregation which will accommodate abundant amount to the shareholders of both companies."
Milwaukee-based bi-weekly publishing aggregation Journal Media Accumulation was built-in in April afterwards the E.W. Scripps Aggregation purchased Journal Communications. Scripps retained the firm's advertisement assets, but spun off both companies' bi-weekly operations into Journal Media Group.
Gannett, which publishes newspapers including USA Today and the Detroit Free Press, expects to complete the accretion in aboriginal 2016.
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