Gannett nears deal to buy Journal Media

Gannett nears deal to buy Journal Media - USA  right now  owner Gannett Co.  is actually  nearing  a good   financial transaction   to  buy Journal Media Group, owner  of any  Milwaukee Journal Sentinel  as well as other  newspapers,  throughout   an   Record   the  long-awaited round  regarding  consolidation  on the  beleaguered industry  could be  under way.

The  transaction   can be  announced  Equally  early  Equally  Thursday  ALONG WITH   code  Journal Media   on   only  under $300 million,  As outlined by   people  familiar  by the  matter.

Journal Media had  an  market  value   connected with  $192  thousand   with  Wednesday’s close, meaning Gannett  would  become  paying  an  relatively big takeover premium. Gannett had  an   value   of  $1.7 billion.

The  purchase  would  complete  Journal Media publications —  as well as   the  handful  connected with  dailies  together with   your current  Journal Sentinel  AND ALSO  dozens  connected with  community papers  through the  Midwest  AS WELL AS  South —  for you to  Gannett’s network  of  92 mostly small-  AND  medium-market daily newspapers  with the  U.S.