GateHouse Media owner to acquire USA TODAY owner Gannett

GateHouse Media's owner and Gannett have agreed to merge in a deal aimed at cutting overlapping costs and enabling the combined company to pursue a digital transformation as the media industry grapples with the disruptive forces of online news, social media and smartphones

New Media Investment Group said Monday that it reached a deal to acquire Gannett, which owns USA TODAY and more than 100 other daily publications and digital marketing services such as ReachLocal.

Pittsford, New York-based GateHouse, the operating subsidiary of New Media Investment Group, will combine with McLean, Virginia-based Gannett, the larger of the two companies, in a cash-and-stock deal worth about $1.38 billion and financed in part with new private-equity debt.

Together, the two companies would operate more than 260 daily news operations – far more than any other U.S. news publisher – and boast potentially the largest online audience of any American news provider.

Read more: https://www.greatfallstribune.com/story/money/2019/08/05/gannett-gatehouse-media-new-media-investment-group/1902550001/

Ugh, Gannett has a left-center media bias while Gatehouse is right-center. I'm also not impressed with the news coverage Gatehouse provides.