Business

Gannett splits publishing, broadcasting in 2

By MAE ANDERSONMICHELLE CHAPMAN
Published August 5, 2014 1:45pm ET
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Gannett splits publishing, broadcasting in 2
FILE - This July 14, 2010, file photo, shows Gannett headquarters in McLean, Va. Gannett is spinning off its publishing business from its broadcasting and digital operations. The company is also acquiring full ownership of Cars.com for $1.8 billion., the company announced Tuesday, Aug. 5, 2014. (AP Photo/Jacquelyn Martin, File) | Jacquelyn Martin

Gannett is splitting its broadcast and publishing business in two, joining other major media players in allowing fast growing TV and digital operations to operate more freely and not be weighed down by the declining newspaper business.

The media company also announced Tuesday that it would take full ownership of Cars.com for $1.8 billion.

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