Commom Dreams, Jake Johnson, August 6th, GateHouse Media announced it will purchase Gannett (USA Today, Detroit Free Press, Indianapolis Star, and other major American newspapers). GateHouse Media publishes 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. If approved the result will be a .4 billion news conglomerate. Common Cause stated a “combined GateHouse-Gannett entity would own one in every six newspapers in the nation and control over 100 local news operations.” While the media giants touted their commitment to “journalistic excellence” in a press release, the merger announcement comes with plans for 0 million in annual budget cuts. A study by the University of North Carolina confirmed the U.S.
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Commom Dreams, Jake Johnson, August 6th, GateHouse Media announced it will purchase Gannett (USA Today, Detroit Free Press, Indianapolis Star, and other major American newspapers). GateHouse Media publishes 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states.
If approved the result will be a $1.4 billion news conglomerate. Common Cause stated a “combined GateHouse-Gannett entity would own one in every six newspapers in the nation and control over 100 local news operations.” While the media giants touted their commitment to “journalistic excellence” in a press release, the merger announcement comes with plans for $300 million in annual budget cuts.
A study by the University of North Carolina confirmed the U.S. has lost almost 1,800 local newspapers since 2004. Newsroom employment fell by a quarter from 2008 to 2018 (Pew Research) and layoffs have continued this year.