Gannett To Buy Journal Media for $280 Million

Gannett will buy Journal Media Group for $280 million, Gannett said in a news release Wednesday night. The new combined company will have a portfolio of 106 local markets and a combined digital audience of more than 100 million unique domestic visitors a month, it said. The deal is expected to add 15 daily newspapers and 18 weeklies in 14 markets in nine states and close to $450 million to Gannett’s annual revenue, it said.