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Gannett, Gatehouse shareholders approve acquisition

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Shareholders for Gannett and New Media Investment Group, dba Gatehouse Media, approved the acquisition deal between the two companies.

Gatehouse's $1.13 billion acquisition of Gannett is expected to close Nov. 19, "subject to the satisfaction of customary closing conditions," officials said.

The combined entity would operate as Gannett and own more than 260 daily publications, including the Springfield News-Leader.

Officials are planning to cut up to $300 million in costs per year through news operations and other functions.

Read more from USA Today.


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