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Gannett announces update on proposed acquisition of Journal Media Group

MCLEAN, Va.--(BUSINESS WIRE)--Gannett Co., Inc. (NYSE: GCI) announced today that its previously announced acquisition of Journal Media Group will not close during the first quarter as expected because the regulatory clearance process is not yet complete. Gannett is continuing to work through the review process with the U.S. Department of Justice, and looks forward to closing the transaction on a timely basis.