New Media Investment: Gannett finalizes deal to become nation's largest newspaper publisher, setting stage for $300 million in cuts

In the deal, GateHouse parent New Media Investment Group will purchase Gannett for $12.06 in cash and stock, creating a conglomerate that will own more than 250 daily newspapers including daily publications including USA Today, the Milwaukee Journal Sentinel and the Indianapolis Star, plus hundreds of weekly and community papers.