UNDATED (WSAU-Wheeler News) One of the nation’s largest newspaper chains is about to acquire Wisconsin’s largest daily. The Gannett Company said yesterday it plans to buy the Milwaukee Journal Sentinel and its parent Journal Media Group for $280-million.
Gannett owns ten dailies in Green Bay, Appleton, Wausau, and other markets in eastern and central Wisconsin. It also owns U-S-A Today and big-city dailies in Phoenix, Indianapolis, and Nashville among other places.
Gannett needs stockholder and regulatory approval to buy the Milwaukee operation. It expects to finalize the deal early next year, as a consolidation trend continues in the American newspaper industry. Both Gannett and the Journal Sentinel have spun off broadcast operations to focus on their print and Internet news and advertising outlets. The Journal Sentinel says all of its news-related decisions will remain in Milwaukee.
Gannett’s Wisconsin outlets have a single unit for statewide investigative stories, in addition to newsrooms for their own communities.
