Gannett to Split
KTHV/Channel 11/Little Rock parent company Gannett is splitting up. The company announced today it will be splitting up it's newspaper and broadcast television stations/digital properties into two separate entities.
"The bold actions we are announcing today are significant next steps in our ongoing initiatives to increase shareholder value by building scale, increasing cash flow, sharpening management focus and strengthening all of our businesses to compete effectively in today's increasingly digital landscape," said Gannett president and chief executive Gracia Martore.
Gannett's has 46 broadcast tv stations and owns cars.com and careerbuilder.com and owns USA Today and 200 weeklies and magazines and community news service Newsquest.