NEWM - The Gannett-GateHouse Merger Is Really Happening And Expect To See More Than 10% Of Jobs Cut Off The Top
The megamerger is really happening. Expect the new Gannett (GCI) - the brand that will survive that chain's acquisition by GateHouse Media (NEWM) - to officially take wobbly flight soon, perhaps around Thanksgiving.
Both companies, the country's No. 1 and No. 2 newspaper publishers, say it's full speed ahead. Independent financial analysts tell me that their data-driven analysis shows a 90-percent-plus chance the merger completes. The deal has already gotten the blessing of the Department of Justice's antitrust division; that approval flashes a very green light to all the other newspaper chains eyeing various mergers