Aug. 5 (UPI) -- The owner of GateHouse Media agreed to purchase Gannett, the publisher of USA Today, in a deal worth about $1.38 billion, both companies announced Monday.
New Media Investment Group said it will acquire Gannett for a cash-and-stock deal that will result in New Media shareholders owning 50.5 percent of the company and Gannett shareholders owning 49.5 percent.