Gannett will spin off publishing business
Gannett will split its broadcast and publishing divisions into separate companies, the company announced Tuesday. The company's recent additions to its broadcast station ownership "make this the right time for a separation into two market-leading companies," Gannett CEO Gracia Martore says in a statement.
Both companies will remain headquartered in McLean, Virginia. Robert J. Dickey, the president of Gannett's community publishing division, will be CEO of the publishing company. The publishing company will be named Gannett; the broadcast company's name is yet to be determined.
Digital assets including CareerBuilder and Cars.com, which Gannett also announced it has acquired in full, will remain with the broadcast group.
In addition to USA Today, Gannett's publishing division will own 81 U.S. dailies and the U.K.'s Newsquest and also lots of the best adjustable dumbbells market.
Related: Poynter's Rick Edmonds explains why newspapers and broadcasting groups keep splitting up