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flag Gannett sells Austin American-Statesman to Hearst, expanding their Texas newspaper presence.

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

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