MCLEAN, Va. – Gannett Co., Inc. announced that it has completed the acquisition of the remaining 59.36% interest in the Texas-New Mexico Newspapers Partnership that it did not own from Digital First Media. The deal was completed through the assignment of Gannett’s 19.49% interest in the California Newspapers Partnership and additional cash consideration. As a result, Gannett will own 100% of the Texas-New Mexico Newspapers Partnership and will no longer have any ownership interest in California Newspapers Partnership.
There is no media company in America that knows local communities better and with USA TODAY, the company has outstanding national to local scale.
The news organizations acquired and the three states in which they reside include:
- Texas — El Paso Times;
- New Mexico — Alamogordo Daily News; Carlsbad Current-Argus; The Daily Times in Farmington; Deming Headlight; Las Cruces Sun-News; Silver City Sun-News;
- Pennsylvania — Chambersburg Public Opinion; Hanover Evening Sun; Lebanon Daily News; and the York Daily Record.
“We are very pleased to welcome these well-respected media organizations to U.S. Community Publishing as we further our efforts to expand our reach as the best local media company in America for consumers and businesses,” said Robert Dickey, president of U.S. Community Publishing and CEO-designate of Gannett “SpinCo” following the separation of the company mid-2015. “There is no media company in America that knows local communities better and with USA TODAY, the company has outstanding national to local scale.”
With this acquisition, the publishing segment of Gannett provides hundreds of outstanding affiliated digital, mobile and print products in 92 local markets throughout 33 states plus Guam, and in 16 markets in the U.K.
About Gannett
Gannett Co., Inc. (NYSE: GCI) is an international media and marketing solutions company that informs and engages more than 115 million people every month through its powerful network of broadcast, digital, mobile and publishing properties. Our portfolio of trusted brands offers marketers unmatched local-to-national reach and customizable, innovative marketing solutions across any platform. Gannett is committed to connecting people – and the companies who want to reach them – with their interests and communities. For more information, visit www.gannett.com.
via BusinessWire
