Media money moves: Gannett to spin off newspapers to separate companies

GannettBy Roger Yu and Kim Hjelmgaard | USA TODAY

Gannett said Tuesday that it will create two publicly traded companies next year as it moves to separate its broadcasting and digital businesses from its publishing division, a strategic move similarly adopted by competitors to shield more profitable business lines from the decline in print advertising.

Gannett is the parent company of Republic Media, including The Arizona Republic, 12 News and azcentral.com.

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