Up next
Tags

The news which everyone expected arrived on Monday. GateHouse is acquiring Gannett, creating a new company (called Gannett) which will own over 250 newspapers across the country in some 47 states. Locally, it includes the Columbus Disaptch and ThisWeek Community News, which covers Delaware County.

That represents, by the way, more than one-sixth of all daily newspapers that remain in publication.

As we shared over the weekend, few places will be more impacted by this merger than the Buckeye State. There will be a Gannett publication in two of the state’s “three C” cities; the entirety of central and north central Ohio will be blanketed by the Gannett blue dot; and – to be sure – cuts are coming.

Cuts, according to some estimates, eliminating some $300 million in overhead. That number represents over 21% of the purchase price of $1.4 billion, and represents jobs, facilities, and more; see the stories below. How much of that money will be put back into local operations? What remains after debt servicing, which may be next to nothing.

None of this will come quickly, mind you. Review by regulators will take several months.

Here are links to several stories on the merger, including its possible impact on Ohio:

You May Also Like

Strand Looking To Update Marquee, Front Doors

By 1808Delaware In an initial step in a hoped-for project at Delaware’s…

Listen To A Ten Minute Evans Farm Update

Have you heard about the new Evans Farm development in Lewis Center?…

Smoothie King Coming To Lewis Center

Smoothie King’s diverse menu features 70 purposefully-blended smoothies.

First Intel, Now Hyperion

By 1808Delaware, Press Release It didn’t take long for another major announcement…