GateHouse near swallowing Gannett

GateHouse Media, which owns the BJ, is in negotiations to absorb Gannett.

GateHouse Chairman and Chief Executive Mike Reed would have the same title in the combined company.

GateHouse’s parent company is New Media Investment Group. New Media’s market capitalization is $550 million compared to Gannett’s $900 million, but it has deep-pocketed backers.

Gannett and GateHouse are the nation’s two largest newspaper groups by circulation.

Gannett publishes USA Today.

Read the article at https://www.wsj.com/articles/gannett-is-in-advanced-talks-to-combine-with-gatehouse-media-11563480166?mod=searchresults&page=1&pos=1&fbclid=IwAR21L49sqVybP1wxYj3BeLClcCdNpqfdHd_uEfdZL7vfrOjbfGRK4LE63rY