Shareholders vote Thursday, Nov. 14, on $1.2 billion newspaper acquisition

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The $1.2 billion deal in which New Media Investment Group, parent of GateHouse Media, which owns the Times-News and more than a dozen other newspapers in North Carolina, intends to buy Gannett Co., parent of USA Today and other properties, faces its final hurdle Thursday, Nov. 14, when shareholders vote.

The deal would combine the country’s two largest newspaper chains, with more than 260 daily papers, and hundreds more websites and community and weekly papers in 47 states. The new company, to be called Gannett even though New Media is the acquirer, would have a daily print circulation of 8.7 million, dwarfing the next largest chain, McClatchy, with daily circulation of 1.7 million. McClatchy owns The News & Observer of Raleigh and The Charlotte Observer.

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