USA TODAY Co. Announces Execution of Binding Letter of Intent With MediaNews Group
USA TODAY Co., Inc. (TDAY)
Company Research
Source: Business Wire
Company to acquire The Detroit News NEW YORK, NY--(BUSINESS WIRE)--USA TODAY Co., Inc. (NYSE: TDAY) announced the execution of a binding Letter of Intent (LOI) with MediaNews Group, a subscriber focused media company, to acquire The Detroit News.The Detroit News was founded in 1873 and continues to earn recognition for its commitment to strong journalism in various formats. The award-winning publication has been named Michigan Newspaper of the Year three times by the Michigan Press Association (2022, 2023 and 2024) with columnists and reporters frequently recognized for their investigative reporting, sports writing, and digital presentation. In 1989, a joint operating agreement (JOA) between the Detroit Free Press and The Detroit News was created to combine advertising, printing, and distribution services which ended on December 28, 2025.“The acquisition of The Detroit News will be a strategic investment that strengthens the USA TODAY Network’s audience and its portfolio of more th
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