The chief executive of the newspaper giant formed by the merger of USA Today publisher Gannett Co. and GateHouse Media said the new company would make deep cost reductions across its organizations, but pledged to avoid big layoffs of journalists.
The deal, which was agreed to in August and closed Tuesday, creates a local-news colossus that will control 261 daily newspapers and hundreds more weeklies in 47 states. The combined company would publish about 30% of all newspapers sold in the U.S. every day, according to data from...
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