gannett media buys journal media group for 280m
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Gannett media buys Journal Media Group for $280m

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Gannett media buys Journal Media Group for $280m

Newspaper giant Gannett
Washington - AFP

Newspaper giant Gannett, publisher of USA Today, said in a statement late Wednesday that it was buying the Journal Media Group for $280 mn.

The Milwaukee, Wisconsin-based Journal Media Group owns 17 small- and medium-sized newspapers in nine US states, including the Milwaukee Journal-Sentinel and the Commercial Appeal, which is based in Memphis, Tennessee.

It also owns 18 weekly publications.

The deal was approved by the board of directors of both companies, but awaits final approval from the shareholders of the Journal Media Group, who will receive $12 (10.63 euros) a share in cash -- a 44.6-percent premium over its Wednesday closing price of $8.30, Gannett said.

Gannett, based just outside the US capital in McLean, Virginia, said it will finance the deal through cash and borrowing under its $500 million revolving line of credit.

The purchase increases Gannett’s annual revenues by $450 million and its daily circulation by 675,000, the company said.

With this purchase, Gannett said it will have a media outlet in 106 local markets in the United States, resulting in "a combined digital audience of more than 100 million unique visitors a month."

The Journal Media Group was formed last year following the merger of the E.W. Scripps company and Journal Communications.

GMT 11:47 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 10:35 2018 Monday ,22 January

Bahrain Press headlines

GMT 12:43 2018 Friday ,19 January

Bahrain press headlines

GMT 13:14 2018 Thursday ,18 January

Bahrain Press headlines

GMT 11:57 2018 Tuesday ,16 January

Bahrain Press headlines

GMT 12:25 2018 Sunday ,14 January

Bahrain press headlines

GMT 11:57 2018 Sunday ,14 January

Bahrain Press headlines
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gannett media buys journal media group for 280m gannett media buys journal media group for 280m

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

gannett media buys journal media group for 280m gannett media buys journal media group for 280m

 



GMT 11:03 2018 Tuesday ,23 January

No end to eyesores at Taj Mahal

GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 00:29 2012 Thursday ,12 January

Chalet Girl

GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 23:48 2017 Friday ,28 July

Japan Core Consumer Prices Up 0.4 Pct in June

GMT 15:59 2011 Saturday ,19 November

Actress\'s death 30 years ago to be re-examined

GMT 04:21 2015 Tuesday ,24 March

Egypt chooses cooperation regarding Nile River

GMT 23:53 2017 Thursday ,12 October

Dozens of mercenaries killed, wounded in Taiz

GMT 01:09 2012 Thursday ,24 May

17 tips for healthy hair and skin

GMT 13:53 2011 Friday ,18 November

Climate impact risk set to increase

GMT 12:49 2017 Thursday ,26 January

RBS hikes charges for US mis-selling claims

GMT 13:52 2011 Wednesday ,24 August

Amaan, Ayaan album presents a mix of east and west

GMT 23:01 2017 Tuesday ,17 October

Fire at carpentry workshop in Saudi capital
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice