Gannettīs newspapers, LSJ included, cut loose
It happened without fanfare or public notice, but last week was significant in more than 100 communities, five of them in Michigan, most notably here in Lansing.
The ownership of their newspapers shifted to a new company with an old name: Gannett. It owns the Lansing State Journal, the Detroit Free Press, USA TO- DAY, newspapers in 33 states, Guam and in England. And as of last Monday, itīs on its own.
The old Gannett was a combination of newspapers and television stations. TV was the cash cow; print was the dead weight. Management gambled that separating the two very different businesses would increase the value to shareholders, so it did what other large newspaper/television companies have done —divorce.
Read it in print