Gannett, publisher of USA Today and one of the largest newspaper companies in the United States, is being acquired by GateHouse Media in a deal worth roughly $1.4 billion.
The merger will create the largest U.S. newspaper company, with a print circulation of 8.7 million, media expert Ken Doctor told The Associated Press on Monday. Combined, Gannett and GateHouse Media have more than 260 daily newspapers and more than 300 weeklies. GateHouse Media is owned by the New Media Investment Group, and said it will work on a digital transformation of its newspapers. The new company will operate under the Gannett name, and its headquarters will remain in McLean, Virginia.
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