After Palm Beach Buys, GateHouse Media Now Owns 10 Percent Of Newspapers Nationwide

Last week, GateHouse Media scooped up two more local papers, The Palm Beach Post and Palm Beach Daily News, for $49.25 million, bringing its grand total of publications to 140.

The media outlet, controlled by New-York-based New Media Investment Group Inc., has been quickly buying up troubled papers across the country over the past few years.

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