Phillips Media Group, LLC agreed to acquire Five Publications in United States from Gannett Co., Inc..
August 18, 2021
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Phillips Media Group, LLC agreed to acquire Five Publications in United States from Gannett Co., Inc. (NYSE:GCI) on August 19, 2021. The five publications includes The Big Nickel in Joplin, the Rolla Daily News, the Kirksville Daily Express, Baxter Bulletin in Mountain Home and the NEMO Trader in La Plata. The transaction is expected to close on September 1, 2021. Dirks, Van Essen & Murray acted as financial advisor to Gannett Co., Inc. (NYSE:GCI).
Gannett Co., Inc. is a diversified media company. The Company operates through three segments: Domestic Gannett Media, Newsquest and Digital Marketing Solutions (DMS). Its Domestic Gannett Media segment comprises USA TODAY, daily and weekly content brands in approximately 220 local United States markets across 43 states and its community events business, USA TODAY NETWORK Ventures. Its core print offerings include home delivery offered on a subscription basis, single copy, and non-daily publications. Its Newsquest segment in the United Kingdom consists of over 220 digital news and media brands across its portfolio, including over 150 daily and weekly newspapers and over 70 magazines. Its DMS segment is dedicated to helping local businesses succeed through digital advertising and marketing solutions. The DMS segment, under the brand LocaliQ, is a cloud-based platform of fully-digital products that delivers customers and drives leads through technology and insights.
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