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Gannett to Acquire Journal Media Group for $12.00 per share

MCLEAN, Va. & MILWAUKEE--(BUSINESS WIRE)--Gannett Co., Inc. (NYSE: GCI) (“Gannett”) and Journal Media Group, Inc. (NYSE: JMG) (“JMG”) announced today that they have entered into a definitive merger agreement under which Gannett will acquire all of the outstanding common stock of Journal Media Group for approximately $280 million, net of acquired cash.