Gannett Agrees to Sell Austin American-Statesman to Hearst

MT Newswires Live

2025/02/20

Gannett (GCI) said Wednesday it agreed to sell the Austin American-Statesman from the USA TODAY Network portfolio to

Hearst, a diversified information services and media company.

Terms of the agreement weren't disclosed.

The company expects to close the transaction in Q1 2025 and use the proceeds to pay down debt.

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