Cars.com Investor Gannett Mulls Bid for Entire Company: Sources

By: Soyoung Kim and Greg Roumeliotis | Reuters

Gannett Co Inc (GCI.N), one of the newspaper owners of Cars.com, is exploring a bid for all of the auto sales website and has discussed teaming up with private equity firms in a deal that could reach $3 billion, people familiar with the matter said.  

Gannett, the parent company of USA Today, is one of the five newspaper publishers that back Classified Ventures, the entity that owns Cars.com.