Gannett: We’re Pursuing Large-Market Acquisitions

Wall Street Journal: Gannett’s new CEO said that the publishing company is aggressively pursuing acquisitions of large-market properties now that it has completed its spinoff from its broadcast unit. Robert Dickey said that Gannett has assembled a team of banking and legal advisers to pursue deals in markets that have populations of between 1 million and 3 million people. “We are aggressively pursuing all the opportunities in front of us. We are looking for markets that provide good synergies for us. But we are also open and are having discussions about looking at other markets where we don’t necessarily have geographic synergies.”