USA Today owner Gannett to spin off publishing arm

Media giant to create two companies, one of which will focus on broadcasting and digital content and the other on publishingGannett, the publisher of USA Today, is to take full ownership of the auto website Cars.com and spin off its publishing assets into a publicly traded company as it focuses on its digital businesses. After the spinoff, which will be done through a tax-free distribution to Gannetts shareholders, one company will focus on broadcasting and digital content and the other on publishing. Continue reading... Continue reading at 'The Guardian'

[ The Guardian | 2014-08-05 00:00:00 UTC ]

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