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USA TODAY Co. moves to buy The Detroit News after joint-operating era ends
Yahoo Finance· 2026-01-26 16:25
Core Viewpoint - USA TODAY Co. plans to strengthen its presence in Detroit by acquiring The Detroit News, enhancing its network of over 200 newspapers and reinforcing its commitment to local journalism [1][3]. Group 1: Acquisition Details - The acquisition of The Detroit News follows the expiration of a joint operating agreement that allowed USA TODAY Co. to manage certain operations of The Detroit News while MediaNews Group retained editorial control [2]. - The transaction is expected to close at the end of January, with specific deal terms not disclosed [4]. Group 2: Strategic Implications - The acquisition is viewed as a strategic investment that will enhance USA TODAY Network's audience and portfolio, while maintaining The Detroit News and Detroit Free Press as separate entities with distinct editorial voices [3][6]. - Company officials emphasize the commitment to delivering high-quality news and content in both print and digital formats to the Detroit area [4][6]. Group 3: Market Context - MediaNews Group, the current owner of The Detroit News, has been reducing its newspaper holdings due to ongoing pressures on print advertising revenue [5]. - The Free Press and The Detroit News are recognized among the top 15 most-visited local news websites in the U.S., indicating their significant market presence [4].