Gannett Completes Split Of Print, Broadcasting Divisions

Gannett has completed the split of its print and broadcasting divisions into separate companies. The broadcasting and digital arm, which will be called Tegna Inc., will run the company's television stations and websites such as CareerBuilder. It will also include Cars.com. Tegna will start trading on the New York Stock Exchange on June 29 under the "TGNA" ticker symbol. Gannett announced its plan in August, one of many media companies to split up as people increasingly head online for their news.

Gannett's move follows similar maneuvers by major operators such as Time Warner Inc. and News Corp. Gannett's publishing arm will keep the Gannett name and include USA Today, local US daily publications, and Newsquest, a regional community news provider in the United Kingdom. Both companies will remain headquartered in McLean (VA).