Gannett Sells The Big Lead To Minute Media

Gannett has sold sports, media and pop-culture website The Big Lead to Minute Media. Minute Media president Rich Routman told Morning Consult the company wants to land one media deal similar to The Big Lead acquisition every quarter this year, particularly in the technology, food and lifestyle space.

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News & Star publisher CN Group sold to Newsquest

One of the last big family-owned newspaper publishers in the UK, CN Group, is being sold to US-owned regional publisher Newsquest The group has been helmed by four generations of the Burgess family and boasts a newspaper history going back 200 years to the Carlisle Patriot. John Burgess, great grandfather of current CN Group chairman Robin Burgess, became the newspaper’s editor in 1868

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Newspaper’s print advertising revenues decline continues

The erosion in print ad sales kicked off at the beginning of 2016 and did not let up. In the fourth quarter alone, print sales dropped 20 per cent at the New York Times and at McClatchy, operator of 29 US daily papers. Gannett, owner of USA Today, reported a 15 per cent fall in the US and a 14 per cent decline at Newsquest, its UK chain. News Corp said the fall in print dragged total ad revenue down 29 per cent at News UK (publisher of The Sun and The Times), 20 per cent at Wall Street Journal publisher Dow Jones and 12 per cent at its Australian papers. The Financial Times and Tronc, the owner of the Los Angeles Times and Chicago Tribune, have also been hit.

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Gannett Increases Offer For Tribune Publishing

Gannett today announced that it has increased its offer to acquire Tribune Publishing Company to $15.00 per share from $12.25 per share — a 22.5% increase. The move comes after its initial bid was rejected and Tribune adopted a “poison pill” plan to block the offer

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Gannett Buys Journal Media Group

After a round of divestment comes a round of consolidation, in a process reminiscent of musical chairs combined with bumper cars.Gannett Co., the newspaper publisher that recently spun off from the broadcast TV company now known as Tegna, announced that it is buying Journal Media Group

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