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    GateHouse acquires Morris Publishing's 11 daily newspapers

    New Media Investment Group has acquired Morris Publishing Group, whose portfolio includes the Augusta Chronicle, the Savannah Morning News and the Florida Times-Union in Jacksonville.

    The price was $120 million for 11 daily newspapers, 30 weeklies and various online assets, which will join New Media's GateHouse chain.

    The transaction, announced this morning, is expected to close in the fourth quarter of this year.

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