![]() ![]() Journal Media Group stockholders will receive $12 per share in cash in the deal, which was approved by shareholders on March 1. We look forward to using the extensive resources of our new owners to serve our readers, advertisers and community partners throughout Milwaukee." "We will always be committed to the health and strength of southeastern Wisconsin. "The Milwaukee Journal Sentinel remains Wisconsin's largest news outlet, and with this acquisition becomes one of Gannett's larger news organizations," said Elizabeth Brenner, president and publisher of the Journal Sentinel. Gannett has been a newspaper publisher in Wisconsin since 1980, when it bought the Green Bay Press-Gazette and Wausau Daily Herald. Gannett owns daily newspapers in 10 other Wisconsin cities: Green Bay, Appleton, Oshkosh, Wausau, Fond du Lac, Manitowoc, Marshfield, Sheboygan, Stevens Point and Wisconsin Rapids. A key focus of Gannett is to offer digital news and advertising formats across a national USA TODAY network. The acquisition is part of the transformation of the newspaper industry, which has been losing historically important print advertising revenue as consumers and advertisers migrate to the Internet. The merger will give Gannett, the owner of USA TODAY and 92 other daily publications, the biggest news outlet in Wisconsin's largest market. Department of Justice and the deal is expected to close on Friday. The transaction received approval Thursday from the U.S. Inc., clearing the way for Gannett to acquire the Milwaukee Journal Sentinel and 14 other daily newspapers in the U.S. Federal regulators have approved the $280 million sale of Journal Media Group Inc. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |