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

  • May 30, 2019


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.


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.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.