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# Gannett Buys Journal Media Group for $280 Million
- URL: https://capitolcommunicator.com/gannett-buys-journal-media-group-for-280-million/
- Published: 2015-10-08T13:49:59.000Z
- Updated: 2019-07-11T11:42:43.000Z
- Author: Guest Columnist
- Tags: Media, #Import 2026-10-08 18:46

**Gannett, the publishing company that owns USA TODAY** and media businesses in 92 local markets, will buy Journal Media Group for about $280 million, following through on a strategy of acquiring additional local news outlets after it was spun off from its former parent in June, reports[ USA TODAY.](http://www.usatoday.com/story/money/2015/10/07/gannett-buy-journal-media-group-280-million/73548926/?ref=capitolcommunicator.com)

The report , in part, also stated:

“Shareholders of Milwaukee-based Journal Media Group will receive $12 a share in cash. That is a 45% premium from the Wednesday closing price of $8.30.

“Journal Media Group (JMG) owns the 178-year-old *Milwaukee Journal Sentinel*, *The Commercial Appeal* of Memphis, 15 other daily newspapers, 18 weeklies and their affiliated websites in 14 U.S. markets.”