Rosebud Media signed an agreement to acquire the Medford, Oregon Mail Tribune and related assets from New Media Investment Group Inc. for $15 million.
January 31, 2017
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Rosebud Media signed an agreement to acquire the Medford, Oregon Mail Tribune and related assets from New Media Investment Group Inc. (NYSE:NEWM) for $15 million on January 31, 2017. The consideration payable is seven times the 2016 adjusted EBITDA. Grady Singletary, Mail Tribune Publisher will remain as vice president with GateHouse Media, the newspaper operations arm of New Media Investment Group, but will stay with the paper for a few months during a transition period. The transaction is expected to close in the middle of February 2017.
Gannett Co., Inc. is a diversified media company. The Company operates through three segments: Domestic Gannett Media, Newsquest and Digital Marketing Solutions (DMS). Its Domestic Gannett Media segment comprises USA TODAY, daily and weekly content brands in approximately 220 local United States markets across 43 states and its community events business, USA TODAY NETWORK Ventures. Its core print offerings include home delivery offered on a subscription basis, single copy, and non-daily publications. Its Newsquest segment in the United Kingdom consists of over 220 digital news and media brands across its portfolio, including over 150 daily and weekly newspapers and over 70 magazines. Its DMS segment is dedicated to helping local businesses succeed through digital advertising and marketing solutions. The DMS segment, under the brand LocaliQ, is a cloud-based platform of fully-digital products that delivers customers and drives leads through technology and insights.
GANNETT CO., INC. 
