Newsonomics: It's looking like Gannett will be acquired by GateHouse
A combined GannHouse (Gatenett?) would own 1 out of every 6 daily newspapers in America. The goal? Buy two or three more years to figure out how to make money in digital.
The deal isn't yet finished. But Ken Doctor says he has been told by multiple sources that there are no major stumbling blocks left to negotiate in a megamerger between the United States' two largest daily newspaper chains – Gannett and GateHouse. It's increasingly likely to happen, with an announcement by summer's end. That's despite absolute public silence from the companies involved.
Read more from his article in NiemanLab.
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