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Hearst to purchase Austin American-Statesman from Gannett, expanding footprint in Texas

www.statesman.com · last updated
Gannett Co. has signed an asset purchase agreement with Hearst Corporation to divest the Austin American-Statesman from the USA TODAY Network, officials with both companies announced Wednesday.  

Related Knowledge Center: State of the business model

State of Play

The traditional journalism business model has long since collapsed, and news organizations have shrunk or disappeared entirely. While a number of promising experiments are under way, the public has not shown a willingness to buy what news organizations are selling.

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