You might have heard: 2015 saw Tribune Publishing’s acquisition of the San Diego Union-Tribune and Gannett’s purchase of Journal Media Group and its 15 newspapers, and some predicted that ownership changes would continue into 2016
But did you know: The latest strategy to stay alive in the newspaper business is newspapers eating other newspapers, Gerry Smith writes. In 2015, the industry saw the most deals for the largest amount of money since the 2008 financial crisis, with 70 daily newspapers sold for a combined total of $827 million. Gannett alone purchased 15 daily newspapers in 2015. Even with a surge of acquisitions in 2015, Smith says more deals are expected to come in 2016 as media companies spin off TV stations, leaving newspapers to fend for themselves.
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from American Press Institute http://ift.tt/1VT7aDS
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