YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

GateHouse completes $1.1B Gannett takeover

Posted online

GateHouse closed on its $1.1 billion purchase of Gannett, the publisher of USA Today and the Springfield News-Leader.

The combined business, which will keep the Gannett name, is the largest newspaper company in the United States with 260 daily papers.

Some $300 million in annual costs are on the chopping block.

Current Gannett CEO Paul Bascobert said front-line reporters are “the last place we want to touch" in terms of job cuts. He pointed to "duplication of management" and financial, printing and advertising division expenses.

Read more from The Associated Press.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick
Open for Business: The Quilted Cow

A franchise store of a Branson West-based quilting business made its Queen City debut; Grateful Vase launched in Lebanon; and Branson entertainment venue The Social Birdy had its grand opening.

Most Read
SBJ.net Poll
Update cookies preferences