Gannett, New Media merger is more bad news for American journalism
Big news in journalism this week. It was announced on November 14 media company Gannett and New Media Investment Group's proposed merger was approved . In short, the company will continue to go by Gannett, despite being aquired by New Media for $1.13 billion, and is now the largest corporate journalism in America, with its flagship publication USA Today . Also of note, New Media is the parent company of Gatehouse Media, another news paper publisher. The Poynter Institute, a non-profit journalism school and research organization, postulated some things of note to watch in the before the merger was approved. It is worth a quick read by clicking here , but in short, the move is bad for journalism in that organizations opinion. Today, I want to put aside the corporate talk, because from a business perspective, this merger makes sense and falls in line with what has become common place in American corporate business. Forget about fiscal responsibility, company liqui...