Michelle Chapman

Gannett is splitting its broadcast and publishing business in two, joining other major media players in allowing fast growing TV and digital operations to operate more freely and not be weighed down by the declining newspaper business.

Gannett also announced that it would take full ownership of Cars.com for $1.8 billion. The publishing company will house USA Today as well as 81 local US daily publications and Newsquest, a regional community news provider in the UK.