Deal Snapshot
NEW MEDIA CLOSES SALE OF GATEHOUSE MEDIA ALASKA ASSETS
Tuesday 15 May 2018

US-based locally based print and online media publisher New Media Investment Group Inc. (NYSE: NEWM)has completed its sale of substantially all of the publishing and related assets of GateHouse Media Alaska Holdings, Inc. to Canadian publisher Black Press, the company said.
Terms of the deal were not disclosed. The deal was reported at USD 120m. In a related deal, New Media Investment completed its acquisition of substantially all of the publishing and related assets of the Akron Beacon Journal from Black Press, Ltd. for USD 16m.


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Details
Date Published: 15/05/2018
Target: GateHouse Media Alaska Holdings
Country: USA
Deal Size: 120m (USD)
Sector: Media
Type: Divestment
Financing:
Status: Closed
Vendor: New Media Investment Group
Buyer: Black Press
Comment:


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