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Gannett and GateHouse's parent announced a merger, and it could be a way to slow the inevitable decline of local newspapers

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Gannett and GateHouse's parent announced a merger, and it could be a way to slow the inevitable decline of local newspapers (via axios)

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The two largest newspaper chains in the US, GateHouse and Gannett, will merge. The merger is being financed by private equity firm Apollo Global Management.The merger may be one way to bolster local news, or at least slow its decline. However, there will be cost cuts.New Media Investment Group, the parent company to GateHouse, and Gannett — the two largest newspaper chains in the US — officially announced a merger on Monday.

"We all pray that it works," Nancy Whitmore, professor of communication at Butler University in Indianapolis, and an expert on media economics,The merger will create one mega-newspaper company that will own 263 daily newspapers, and hundreds of weekly papers.

 

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