DIGIDAY – 07/08/2019
Max Willens
Newspapers are hoping to consolidate their way out of challenging circumstances. But for a group of companies that needs to transform their business models, the easy deals might not be the smart ones.
Assuming regulators approve, New Media Investment Group’s acquisition of Gannett will put one-sixth of America’s daily newspapers in the hands of one company. Much of the rest will be concentrated among a handful of chains, including MediaNews Group, Tribune Publishing, McClatchy, Lee Enterprises and Community Newspaper Holdings, Inc.