Gannett to acquire Connecticut Newspapers from Tribune.MCLEAN, Va. -- Gannett Co., Inc. (NYSE NYSE See: New York Stock Exchange :GCI GCI Ground Circuit Interrupter GCI Getty Conservation Institute GCI Global Commerce Initiative GCI Green Cross International (non-profit international environmental organization) GCI Growth Competitiveness Index GCI Great Cities Institute ) today agreed to acquire certain assets of Southern Connecticut Newspapers, Inc. (SCNI SCNI Security of Critical Networked Infrastructures SCNI Southern Connecticut Newspapers, Inc. SCNI Sports Council Northern Ireland ), publisher of The Advocate in Stamford and the Greenwich Time, from Tribune Company (NYSE:TRB TRB Transportation Research Board TRB Technical Review Board TRB Teacher Registration Board TRB Test Review Board TRB Total Relationship Balance TRB Tap-Rack-Bang (shooting procedure) TRB Theodore Roosevelt Building ) for $73 million. "Gannett has deep roots in the New York/Connecticut area and these daily newspapers are a great fit with our operations in that region," said Craig A. Dubow Craig A. Dubow ( born on October 26 1954) is the Chairman, President and Chief Executive Officer of Gannett Co., Inc., a U.S. newspaper and television station holding company. Dubow also serves on Gannett's board of directors. , chairman, president and chief executive officer of Gannett. "We are pleased to welcome these publications to Gannett." The sale of SCNI, a subsidiary of Tribune located in Greenwich, is expected to close after a regulatory review is completed. Gannett Co., Inc. is a leading international news and information company that publishes 90 daily newspapers in the USA, including USA TODAY, the nation's largest-selling daily newspaper. The company also owns nearly 1,000 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom's second largest regional newspaper company. Newsquest publishes nearly 300 titles, including 18 daily newspapers, and a network of prize-winning Web sites. Gannett also operates 23 television stations in the United States and is an Internet leader with sites sponsored by its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the Web. |
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