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Gannett to split into two divisions

MEDIA company Gannett is splitting its business into two, with one division focused on television and digital and the other on publishing.

The publishing arm will include Newsquest, owner of The Herald, as well as 81 newspaper titles in the United States such as USA Today.

Gannett said the as yet unnamed broadcasting and digital company will be listed on the New York Stock Exchange (NYSE).

The publishing company will retain the Gannett name and is also likely to be listed on the NYSE.

Gannett is following similar moves by the likes of Tribune Media, the company behind the Chicago Tribune and LA Times.

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