Gannett and Journal Media Group Receive Clearance from the Department of Justice

MCLEAN, Va. & MILWAUKEE--(BUSINESS WIRE)--

Gannett Co., Inc. GCI ("Gannett") and Journal Media Group, Inc. JMG ("JMG") announced today that the U.S. Department of Justice has closed its investigation of Gannett's proposed acquisition of JMG, and that early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has been granted. Gannett and JMG expect to complete the transaction after the close of regular trading on the New York Stock Exchange on April 8, 2016, subject to the satisfaction of customary closing conditions.

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About Gannett

Gannett Co., Inc. GCI is a next-generation media company committed to strengthening communities across our network. Through trusted, compelling content and unmatched local-to-national reach, Gannett touches the lives of more than 100 million people monthly. With more than 120 markets internationally, it is known for Pulitzer Prize-winning newsrooms, powerhouse brands such as USA TODAY and specialized media properties. To connect with us, visit www.gannett.com.

About Journal Media Group

Journal Media Group, Inc. JMG, headquartered in Milwaukee, is a media company with print and digital publishing operations serving 14 U.S. markets in nine states, including the Milwaukee Journal Sentinel, the Naples Daily News, The Commercial Appeal in Memphis, and Ventura County Star in California. Formed in 2015 through a merger of the newspaper operations of The E.W. Scripps Company and Journal Communications, Inc., the company serves local communities with daily newspapers, affiliated community publications, and a growing portfolio of digital products that inform, engage and empower readers and advertisers. Learn more at www.journalmediagroup.com.

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