Tysons-based Gannett is merging with fellow newspaper chain GateHouse to form what is by far the largest newspaper publisher in the country.
The merger was announced Monday and will result in a behemoth that owns 1 in every 6 newspapers in the U.S., including hundreds of local daily and weekly papers and the flagship USA Today national paper. The debt-financed, cash-and-stock deal was valued at nearly $1.4 billion.
The combined company will be called Gannett and will continue to be based in Tysons, at the Valo Park office complex, at 7950 Jones Branch Drive. Gannett signed a 12-year lease on the space in 2015.
Valo Park was sold by TV station owner TEGNA, which was split from Gannett and is now based at The Boro in Tysons.
Photo via Valo Park
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