Gannett Negotiates Early Exit from Management Deal with Fortress Investment Group

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Gannett, the owner of USA TODAY and more than 260 other daily publications, has negotiated an early exit from a fee-based arrangement in which an investment firm has been managing the company.

Gannett announced Tuesday that it will pay FIG LLC, an affiliate of Fortress Investment Group, a one-time fee of $30.375 million to end its management deal at the end of this year. 

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