Gannett Co. buying Midwest, South newspapers for $280M - WAOW - Newsline 9, Wausau News, Weather, Sports

Gannett Co. buying Midwest, South newspapers for $280M

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 MILWAUKEE (AP) -- Company officials say Gannett Co. is buying newspaper company Journal Media Group for $280 million.
   Journal Media publications dot the Midwest and South and include the Milwaukee Journal-Sentinel and Memphis (Tennessee) Commercial-Appeal. Gannett and Journal Media announced the deal in a news release Wednesday.
   Industry experts say the publications are a natural fit for Gannett's strategy of maximizing short-term profits through centralization and managing the decline of publications in less competitive markets.
   Gannett this summer became a company that runs newspapers exclusively, having moved all of its television companies into a separate company, Tenga Inc.
   Gannett's flagship publication is USA Today.
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