Gannett, GateHouse Merger Looks to Slash $300 Million in Costs

The Drum: Gannett is to be acquired by GateHouse Media owner New Media Investment Group in a deal that will see the resulting company publish more than 260 daily and 300 weekly newspapers. It  is expected that overlapping costs of up to $300 million annually will be cut at the combined company, to be called Gannett.