New Media’s Acquisition of Gannett

On August 5, 2019, New Media Investment Group Inc. (“New Media”) and Gannett Co., Inc. (“Gannett”) announced they have entered into a definitive agreement pursuant to which New Media will acquire Gannett for a combination of cash and stock, which brings together the portfolios of two leading newspaper companies, and includes USA Today, Gannett’s flagship brand, and its more than 160 brands in the U.K. Cravath is representing New Media in connection with the transaction.

The Cravath team includes senior attorney Brittain A. Rogers and associates Matthew G. Jones, Katharine A. Patterson and Ashkan Towhid on M&A matters; partner George E. Zobitz, of counsel Christopher J. Kelly and associate Kelly M. Smercina on financing matters; partner Christine A. Varney and senior attorney Jesse M. Weiss on regulatory matters; partners Andrew W. Needham and Christopher K. Fargo, senior attorney Andrew Carlon and associate Rory M. Minnis on tax matters; partner David J. Kappos and associates F. Adam Abulawi and Carys A. Johnson on intellectual property matters; partner Jonathan J. Katz, practice area attorney Michelle M. Garrett and associate Sally Ye on executive compensation and benefits matters; partner Matthew Morreale on environmental matters; and senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Laurel R. Berkowitz on real estate matters. Summer associate Evan S. Gabor also worked on M&A matters.