Skip to comments.Gannett Co. acquires Midwest, South newspapers for $280M
Posted on 10/08/2015 4:08:02 AM PDT by Timber Rattler
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 Gannetts strategy of maximizing short-term profits through managing the decline of publications in less competitive markets.
(Excerpt) Read more at washingtonpost.com ...
“Print is dead.”
Post articles from TV news stations websites, not from newspapers.
What, the Milwaukee Journal-Sentinel is no longer owned by WTMJ. The same business that has the Green Bay packers on in the Milwaukee Area and liberal talking heads. Gannet News owns so many smalltown papers already too.
They’re cutting out the AP too, in favor of in-house features. Hard news reporting is out the window.
Gannett owns a bunch of TV stations, as well. (The original Gannett corporation is now 'Tenga' and it owns the broadcasters; they spun off the newspapers and let them take the Gannett name.)
As soon as people read the liberal claptrap the Gannett papers put out, they decline to read them anymore.
My mom actually studied journalism in the late 1950’s and at that time her professors held up the Milwaukee Journal-Sentinel as the ideal of what a newspaper should be.
Now it is just another McPaper. Sad.