By: E&P Staff
Gannett has issued a release denying reports in London’s Sunday Express over the weekend that it is considering selling its British unit Newsquest.
“Newsquest is a valuable part of the Gannett company,” said the statement.
The report in the U.K. newspaper said that Gannett would likely appoint Credit Suisse to explore the business’ prospects, and that the review could end up leading to a sale.
Newsquest primarily owns weekly, regional newspapers in Britain, and also produces 18 dailies.