Report: Newspapers Buy Rivals to Survive in Digital Age

Bloomberg: Newspapers have settled on a strategy to stop withering away: feast on each other for survival. Last year, the industry saw the most deals for the largest amount of money since the 2008 financial crisis, with 70 daily newspapers being sold for a combined $827 million. Even after that surge of activity, more deals may be coming. The pressure to combine is only expected to grow because several media companies have spun off their lucrative TV stations, leaving newspapers to fend for themselves.