Gannett Agrees to Sell Multimedia Cablevision to Cox Communications
ARLINGTON, Va. – Gannett Co., Inc. announced today an agreement to sell the assets of Multimedia Cablevision, Inc., a wholly-owned subsidiary of Gannett’s Multimedia Inc., to Cox Communications, Inc. of Atlanta, Ga. for approximately $2.7 billion in cash.
Closing is expected to occur as soon as regulatory approvals are obtained.
Gannett is a nationwide news and information company that publishes 74 daily newspapers, including USA TODAY, and USA WEEKEND, a newspaper magazine. Gannett also operates cable television systems in three states and 21 television stations.