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

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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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