GateHouse Media and Gannett Co. said the deal will cut up to $300 million in costs annually and help speed up a digital transformation.
from 2008 to 2018, according to Pew Research, and layoffs have continued this year.
Those cuts could give the owners “a cushion of time” to figure out how to improve their digital businesses, longtime industry analyst Rick Edmonds of the Poynter InstituteBut it’s no panacea. “I don’t think, just by these companies merging, they’re going to somehow magically find a new business model, make everything all right and produce robust journalism at a local level,” Butler University journalism professor Nancy Whitmore said.
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