Paul Bascobert, former XO Group president, former Bloomberg LP chief operating officer and former Dow Jones chief marketing officer, was appointed CEO of the current Gannett.īascobert will serve as CEO of the combined Gannett-GateHouse subsidiary, while Reed will remain at the top of the umbrella company, which will also take on the name Gannett. New Media Investment Group CEO Michael Reed will remain CEO of the umbrella company, which will be named Gannett after the deal closes. The combined company will be based at Gannett’s headquarters west of Washington, D.C. news publisher – and boast potentially the largest online audience of any American news provider. ![]() Together, the two companies would operate more than 260 daily news operations – far more than any other U.S. ![]() Pittsford, New York-based GateHouse, the operating subsidiary of New Media Investment Group, will combine with McLean, Virginia-based Gannett, the larger of the two companies, in a cash-and-stock deal worth about $1.38 billion and financed in part with new private-equity debt. New Media Investment Group said Monday that it reached a deal to acquire Gannett, which owns Detroit Free Press and more than 100 other daily publications and digital marketing services such as ReachLocal. ![]() GateHouse Media's owner and Gannett have agreed to merge in a deal aimed at cutting overlapping costs and enabling the combined company to pursue a digital transformation as the media industry grapples with the disruptive forces of online news, social media and smartphones Watch Video: USA TODAY owner Gannett and GateHouse Media owner agreed to merge
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