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Journal Communications Inc.

Gannett Co. acquires Midwest, South newspapers for $280M

in Apolitical/Top Headlines by

Gannett Co. has reached an agreement to acquire newspaper company Journal Media Group for $280 million, giving the media giant control of publications in more than 100 local markets in the U.S., company officials announced Wednesday evening. Journal Media publications dot the Midwest and South and include the Milwaukee Journal-Sentinel, Memphis (Tennessee) Commercial-Appeal and Knoxville (Tennessee) News Sentinel. Industry experts say the publications are a natural fit for Gannett’s strategy of maximizing short-term profits through managing the decline of publications…

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