GateHouse has closed its $1.1 billion takeover of Gannett,
promising a $300 million cut in annual costs as it becomes the country’s
largest newspaper company by far. The new company keeps the Gannett name and brings about 260
daily papers together, including The Spectator. The headquarters will be in
Virginia. Executives say layoffs are
expected, but they claim they will try not to slash reporter jobs.
