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Gannett completes Journal Media purchase

Gannett CoInc. on April 8 closed its acquisition of Journal Media Group Inc.

The transaction includes Journal Media Group's 15 dailynewspapers and affiliated digital assets. Following this acquisition, Gannettwill operate USA TODAY and 107dailies in 34 states and Guam, in addition to Newsquest in the U.K., with its 150local digital and print news brands.

Gannett in October 2015 signed an to acquire Journal Media forabout $280 million, net of acquired cash. Journal Media Group shareholders willreceive $12.00 per share in cash.

The closing of the transaction follows the of all necessaryregulatory approvals and approval of the transaction by Journal Media Groupshareholders.

Journal Media Group common stock will cease trading afterthe close of market April 8 and will no longer be listed on the NYSE.