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Gannett sells Austin American-Statesman to Hearst, expanding their Texas newspaper presence.
Gannett has agreed to sell the Austin American-Statesman to Hearst Corporation, expanding Hearst's newspaper holdings in Texas.
The deal, expected to close by April, aligns with Hearst's strategy to invest in thriving communities.
Proceeds from the sale will be used by Gannett for debt reduction.
The Austin American-Statesman, founded in 1871, has won numerous awards for its journalism.
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Gannett vende Austin American-Statesman to Hearst, expandiendo su presencia en el periódico de Texas.