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SMG Shareholders Okay Newspaper Sale to Gannett

News, 28 January 2003


Shareholders in Scottish media firm SMG have given the green light to the sale of the group’s newspaper arm to US publishing giant Gannett.

Agreed last month after a protracted auction [WAMN: 26-Dec-02], the £216 million ($353m; €326m) transaction sees SMG’s Herald and Evening Times titles pass to the owner of USA Today.

The deal is subject to regulatory approval, with a decision expected by April.

Data sourced from: MediaGuardian.co.uk; additional content by WARC staff