Two of the country’s largest newspaper companies have agreed to combine in the latest media deal driven by the industry’s struggles with a decline of printed editions. GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for about $1.4 billion. The combined company would have more than 260 daily papers in the U.S. along with more than 300 weeklies.
At the conclusion of the deal, Gatehouse will own 19 Ohio daily newspapers.
GateHouse’s current 10 Ohio newspapers include the Columbus Dispatch, the Akron Beacon Journal, the Canton Repository, the Alliance Review, Ashland Times-Gazette, Cambridge Daily Jeffersonian, Kent Record-Courier, Massillon Independent, New Philadelphia Times-Reporter and Wooster Daily Record.
Gannett’s nine Ohio papers include the Cincinnati Enquirer, Chillicothe Gazette, Coshocton Tribune, Lancaster Eagle-Gazette, Mansfield News-Journal, Marion Star, Newark Advocate, Port Clinton News Herald and Zanesville Times Recorder.