Gannett To Spin Off Broadcast Business Into New Company Called Tegna

Gannett’s broadcasting and digital spinoff will be called Tegna, Gannett said in a news release Tuesday. Gannett is creating two publicly traded spinoffs: one focused on its publishing business, and Tegna, the name of which comes by rearranging the letters in "Gannett" and dropping the double letters, a spokesman told us. “TEGNA is a nod to the more than 100 year-old history of Gannett,” said the release. The publishing business and its affiliated digital assets will retain the Gannett name once the spinoff is completed in mid-2015, Gannett said. It said Tegna will include 46 TV stations and be “the largest independent station group of major network affiliates in the top 25 markets.”