Gatehouse Buys New York Papers

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Newspaper publisher Gatehouse Media Inc. said Tuesday it has acquired the Messenger Post newspapers of northwest New York from Canandaigua Messenger Inc.

Terms of the transaction were not disclosed.

The acquired assets include the Daily Messenger, a daily newspaper serving the Finger Lakes region of New York with a circulation of 13,000, as well as ten weekly newspapers with a combined circulation of 100,000.

Shares of Gatehouse Media Inc. dipped 3 cents Friday to close at $18.56 on the New York Stock Exchange.

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