Gannett Co. is a U.S. based mass media holding company, founded in 1906, headquartered in McLean, Virginia near Washington DC, and owned by GateHouse Media.
The largest U.S. newspaper publisher as measured by total daily circulation, its assets include the national newspaper USA Today, Detroit Free Press, The Indianapolis Star, The Cincinnati Enquirer, The Tennessean, The Courier-Journal in Louisville, Kentucky, the Democrat and Chronicle in Rochester, New York, The Des Moines Register, The Arizona Republic in Phoenix, Arizona, The News-Press in Fort Myers, the Milwaukee Journal Sentinel, and the Great Falls Tribune.
In 2015, Gannett Co., Inc., spun off its publishing business into a separate publicly traded entity, while retaining the internet media divisions. Immediately following the spin off, the former digital media group Company (Gannett Co., Inc.) renamed itself Tegna.
In August, 2019, GateHouse Media announced a $1.4 billion deal to acquire the newspaper entity, the larger of the two companies, in a cash-and-stock deal that will be financed in part with new private-equity debt. The acquisition creates the nation’s largest newspaper chain and combines, the new company would take the Gannett name and headquarters in Gannett’s current home of McLean, Virginia. New Media Investment Group CEO Michael Reed will remain CEO, and Paul Bascobert was appointed CEO of Gannett and a member of the Gannett board.1
Anonymous on March 10, 2020