GCI - The Potential GateHouse/Gannett Merger Shows 'More Scale!' Is Still The Newspaper Industry's Top Strategy
Call it megaclustering.
If a GateHouse (NEWM)/Gannett (GCI) merger - rumored for weeks, today reported as a deal in some stage of progress by The Wall Street Journal - becomes reality, about 1 of every 6 daily newspapers in the United States would be owned by a single company. Totaled up, 267 dailies would fall under a single ownership and management. That's an unprecedented concentration of control in the history of the American press.
(Back in 1977, The New York Times wrote with concern about the growing concentration of newspaper ownership, pointing to Gannett's 60