Gannett, the publisher of USA Today, has reportedly held talks about a possible merger with Gatehouse Media, according to The New York Post.
“The talks centered on both companies’ desire to ‘bulk up and trim costs,’ according to the report in The Wall Street Journal, which said Gannett has also held talks with Chicago Tribune owner Tribune Publishing and Miami Herald owner the McClatchy Company,” The Post reports.
The report notes that Gatehouse owns 156 daily papers, including the Austin-American Statesman and The Oklahoman. Most of its papers are in small markets.
Gannett owns 109 newspapers.
“The discussions come only two weeks after Gannett beat back a hostile takeover bid by much smaller MNG Enterprises, also known as Digital First Media, owner of the Denver Post and the Boston Herald, which is backed by the cost-slashing Alden Global Capitalm” The Post reports.