GateHouse Media, the company that owns ThisWeek Community News, The Columbus Dispatch and and several other Ohio newspapers and magazines, on Monday, Aug. 5, announced its long-planned acquisition of Gannett Co. Inc., creating the nation’s largest newspaper chain.
Pittsford, New York-based, GateHouse, the operating subsidiary of New Media Investment Group, will combine with McLean, Virginia-based Gannett, the larger of the two companies, in a cash-and-stock deal worth about $1.38 billion and financed in part with new private-equity debt.
The combined company will be based at Gannett’s headquarters west of Washington, D.C., and will be called Gannett. New Media Investment Group CEO Michael Reed will remain CEO, and Paul Bascobert was appointed CEO of Gannett and a member of the Gannett board.GateHouse bought the Dispatch Media Group in June 2015 from the Wolfe family of Columbus for $47 million. Other GateHouse newspapers include the Austin American-Statesman, Palm Beach Post, Sarasota Herald-Tribune and Providence Journal, and Gannett’s flagship properties include USA Today, Arizona Republic, Cincinnati Enquirer, Louisville Courier-Journal, Milwaukee Journal Sentinel, Nashville Tennessean and Detroit Free Press.
In Ohio, GateHouse owns The Akron Beacon Journal, The Alliance Review, The Ashland Times-Gazette, The Daily Jeffersonian in Cambridge, The Repository in Canton, The Record-Courier in Kent, The Independent in Massillon, The Times-Reporter in New Philadelphia and The Daily Record in Wooster. The combined company will double its reach in Ohio, adding Gannett-owned The Enquirer and these central Ohio papers: Telegraph-Forum in Bucyrus, the Chillicothe Gazette, the Coshocton Tribune, the News-Messenger in Fremont, the Lancaster Eagle-Gazette, the Mansfield News Journal, the Marion Star, the Newark Advocate, the News Herald in Port Clinton and the Zanesville Times Recorder.
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