The Canadian Press - ONLINE EDITION

At a glance: As Gannett announces split, a look at other print and broadcast media split-ups

  • Print

Gannett will spin off its print business including USA Today into a separate company as it focuses on its TV and digital media properties, the company said Tuesday. The deal, expected to close in 2015, is the latest in a long line of recent spinoffs of print businesses by media companies. Recent transactions include:

— The Tribune Co.

On Monday, the Tribune Co. completed the spinoff of its newspaper business and changed its name to Tribune Media Co., a move that was in the works for about a year. Tribune Media Co. will operate 42 local TV stations and the WGN America cable channel. The newspaper spinoff, called Tribune Publishing Co., will include newspapers such as the Los Angeles Times and Chicago Tribune.

— Journal Communications Inc. and E.W. Scripps Co.

Last week, the two companies agreed to combine broadcast operations while spinning off newspaper holdings into a separate publicly traded entity. Journal Communication's newspaper component, Journal Media Group, will operate in 14 markets. Meanwhile, Journal Communications' broadcast assets will fold into Scripps, with headquarters remaining in Cincinnati. The company will own and operate TV and radio stations serving 27 markets. The deal is expected to close in 2015.

— Time Warner

Earlier this year, the media giant completed a spinoff of publisher Time Inc., which owns magazines including People, Time and Sports Illustrated, into a separate, publicly traded company, as it focuses on its other media properties such as HBO and Warner Bros. studios. Time Inc.'s shares are up 4 per cent since they started trading in June. Time Warner's stock is up 24 per cent.

— News Corp.

The company controlled by Rupert Murdoch split into two units in 2013: Twenty-First Century Fox, which holds TV and movie properties, and a smaller News Corp. unit focused on publishing and newspapers, including the Wall Street Journal and New York Post. Since the spinoff was finalized in XXXXX, Twenty-First Century Fox shares are up 4 per cent and News Corp. shares are up 8 per cent.

— Belo Corp.

In 2008, Belo spun off its newspapers including the Dallas Morning News into a publicly traded company called A.H. Belo, while its 20 TV stations remained under the Belo Corp. name. Gannett acquired Belo Corp. for $1.5 billion in 2013. A.H. Belo remains publicly traded, with its stock up about 41 per cent this year.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Bowman talks "job number one" in News Café interview

View more like this

Photo Store Gallery

  • MIKE DEAL / WINNIPEG FREE PRESS 060711 Chris Pedersen breeds Monarch butterflies in his back yard in East Selkirk watching as it transforms from the Larva or caterpillar through the Chrysalis stage to an adult Monarch. Here an adult Monarch within an hour of it emerging from the Chrysalis which can be seen underneath it.
  • A mother goose has chosen a rather busy spot to nest her eggs- in the parking lot of St Vital Centre on a boulevard. Countless cars buzz by and people have begun to bring it food.-Goose Challenge Day 06 - May 08, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)

View More Gallery Photos

Poll

Do you support Pimicikamak First Nation's protest against Manitoba Hydro?

View Results

View Related Story

Ads by Google