New Media Investment Group Inc. Appoints Paul J. Bascobert as CEO of All of New Media’s Operating Subsidiaries
November 05, 2019 at 06:12 am EST
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On August 5, 2019, Gannett Co. Inc. entered into an Agreement and Plan of Merger with New Media Investment Group Inc., Arctic Holdings LLC, a wholly owned subsidiary of New Media, and Arctic Acquisition Corp., a wholly owned subsidiary of Intermediate Holdco, pursuant to which Merger Sub will merge with and into Gannett with Gannett surviving the merger as a wholly owned subsidiary of Intermediate Holdco and an indirect wholly owned subsidiary of New Media. For purposes of clarity, although the merger agreement provides that New Media will appoint Gannett’s current CEO, Paul J. Bascobert, as the CEO of all of New Media’s operating subsidiaries as of the effective time, as of November 4, 2019.
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. 
