According to WSJ, Gannett Co. (GCI) GateHouse Media in Merger Talks

  • May 30, 2019

POTENTIAL DEAL DETAILS

StockGannett Co., Inc.SymbolGCI
Date Announced05/30/2019Source Wall Street Journal
TypeNews Report
Date of Confirmation: 08/05/2019Price at Confirmation: $11.04
Potential Profit: 42.64%Annualized Profit: 232.27%

USA Today publisher Gannett Co. (GCI) has recently held merger talks with GateHouse Media, according to people familiar with the matter, a possible deal that would bring together the two largest newspaper groups in the country.

Update(s):

July 18, 2019: USA Today publisher Gannett Co. (GCI) is nearing a deal to combine with rival GateHouse Media, people familiar with the matter said, a move that would join the nation’s two largest newspaper groups by circulation at a time local media is in a battle for survival.

August 05, 2019: New Media Investment Group Inc. (NEWM) and Gannett Co., Inc. (GCI) announced today that New Media and Gannett have entered into a definitive agreement pursuant to which New Media will acquire Gannett for a combination of cash and stock.

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