Gannett to purchase Journal Media Group

October 8, 2015 6:44 AM

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Gannett to purchase Journal Media Group

Newspaper group Gannett announced Wednesday that it would purchase Journal Media Group for $280 million.

Gannett said the purchase will add 15 daily and 18 weekly publications spread over nine states. It is also expected to boost annual revenue by $450 million, according to a statement.

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