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Cut to the bone

9 August 2019 By Jennifer Saba

A $1.4 bln sale of Gannett to a rival will create the largest U.S. chain. Yet a whopping $300 mln in cost savings, along with nearly $2 bln in debt, will take a toll on local news. At least investors will get a say if the merge-and-cut strategy is still useful.

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