Gannett Sets Post-Split Capital Plans

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by: Roger Yu | USA Today

Gannett, the media company that owns USA TODAY, Cars.com and local TV stations and newspapers, said Thursday the planned split of its main business units into two separate companies will result in higher dividends and more shares bought by the post-split entities.

 

Last year, the McLean, Va.-based company said it plans to continue to operate its broadcasting and digital businesses and change the name after the split, an effort to shield the growing units from the decline in print advertising.

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