US media giant Gannett to split into different firms for print and television
August 7, 2014, 12:00 am TWN
WASHINGTON -- U.S. media giant Gannett announced plans Tuesday to split into two separate firms, one for broadcast and digital, and the other for newspapers including its national daily USA Today.
"The bold actions we are announcing today are significant next steps in our ongoing initiatives to increase shareholder value by building scale, increasing cash flow, sharpening management focus and strengthening all of our businesses to compete effectively in today's increasingly digital landscape," said Gannett president and chief executive Gracia Martore.
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