Gannett and Space.com Join Forces

Gannett Co., Inc. and SPACE.com, Inc. announced the formation of a strategic media partnership in which Gannett will become an equity investor in SPACE.com and SPACE.com will acquire Gannett's space media properties. Gannett and SPACE.com signed a definitive agreement in which SPACE.com will acquire Space News, a weekly newspaper, and spacenews.com, as well as FLORIDA TODAY's Space Online website. Under the agreement, Gannett will provide cash investment, and the marketing and promotional support of its media assets, including USA TODAY, and the company's regional newspapers, broadcast outlets and internet properties, in exchange for an interest in SPACE.com. The deal is expected to close in November. Financial details of the transaction were not disclosed.

Gannett Co., Inc. publishes 99 daily newspapers in the U.S., including USA TODAY, as well as in excess of 300 non-daily publications in the U.S. Gannett also operates 22 television stations in the United States. Most of Gannet’s TV stations and newspapers have internet websites. In the United Kingdom, Gannett subsidiary Newsquest plc publishes nearly 300 titles, including 15 daily newspapers. 

  

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