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Gannett Agrees to Sell Austin American-Statesman to Hearst
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Gannett Agrees to Sell Austin American-Statesman to Hearst
Feb 19, 2025 8:47 AM

11:26 AM EST, 02/19/2025 (MT Newswires) -- Gannett ( GCI ) said Wednesday it agreed to sell the Austin American-Statesman from the USA TODAY Network portfolio to

Hearst, a diversified information services and media company.

Terms of the agreement weren't disclosed.

The company expects to close the transaction in Q1 2025 and use the proceeds to pay down debt.

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