Gannett Completes Split

Gannett and Tegna Inc are official.

Gannett has officially split its publishing and broadcast/digital units into two separate companies. The former will retain the Gannett name, while the latter will be titled Tegna Inc.

Gannett, overseen by CEO Robert Dickey, is debt free and will be looking for acquisitions. As part of the split, Gannett also launched the USA Today Media Network, which was described by the company as “The largest local-to-national media network in the U.S.”

If the USA Today Media Network is what Dickey thinks will keep the company afloat now that it doesn’t have the revenue-boosting broadcast business to hang onto, well, good luck to everyone.