On August 5, 2019, New Media announced its intention to acquire Gannett for a combination of cash and stock (the “Merger”). On September 26, 2019, New Media disclosed that the applicable waiting period under the Hart-Scott Rodino Antitrust Improvement Act of 1976 as expired in regards to the Merger on September 25, 2019. On October 23, 2019, New Media announced that the European Commission had provided regulatory clearance under the EU Merger Regulation for the Merger. This concluded all required regulatory reviews. On November 14, 2019, New Media and Gannett announced that their respective stockholders had approved all of the proposals necessary to complete the Merger. On November 19, 2019, the Merger was closed.

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