The Washington Post reports the big merger includes Montgomery Advertiser owner Gannett. Watch for cuts at the local paper, despite years of reductions in staff. They have even tried to sell their newsroom building. Here's the guts of the story from The Post:
"The $1.4 billion purchase of McLean-based Gannett by GateHouse Media, based in Pittsford, N.Y., will create a conglomerate that will own more than 250 daily newspapers and hundreds of weekly and community papers. The new company will retain the Gannett name and will have publications in 47 states, reaching more than 145 million unique visitors each month.
Executives from both companies extolled the deal in a press release as an opportunity to slash up to $300 million in annual overhead costs within 24 months while “continuing to invest in newsrooms” -- creating journalism that they hope can attract more digital subscribers and advertisers to their publications at a time when America employs thousands of fewer journalists than it did a decade ago." (Full story HERE---paywall)
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