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Central Newspapers Becomes Subsidiary of Gannett

ARLINGTON, Va. — Gannett Co., Inc. announced the merger of a wholly-owned subsidiary of Gannett with and into Central Newspapers, effective today. As a result of the merger, Central Newspapers is now a wholly-owned subsidiary of Gannett.

Under the merger agreement, the shares of Central Class A Common Stock and Class B Common Stock (other than any shares held in the treasury of Central Newspapers or owned by Gannett) converted into the right to receive $64 per share of Class A Common Stock and $6.40 per share of Class B Common Stock.

Gannett Co., Inc. is an international news and information company that publishes 99 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns in excess of 200 non-daily publications in the USA, including USA WEEKEND, a weekly newspaper magazine. In the United Kingdom, Gannett subsidiary Newsquest plc publishes nearly 300 titles, including 15 daily newspapers. Gannett also operates 22 television stations and is an Internet leader with sites sponsored by most of its TV stations and newspapers including, one of the most popular news sites on the Web.