Gannett Is Tops

As DCRTV points out, Gannett (owner of USA Today and Channel 9/WUSA), “is the largest media corporation in the DC area, according to the annual top 200 locally-based business listing in Monday’s DC Post. The owner of 90 newspapers and 23 TV stations has a market capitalization worth an estimated $13.22 billion. Coming in second, the Washington Post Company at $7.29 billion, followed by XM Satellite Radio Holdings at $3.95 billion, and Radio One at $640 million. XM may drop off the list next year if its merger with Sirius is approved and the combined company moves to NYC, where Sirius is headquartered. Baltimore-based Sinclair, which owns Channel 45/WBFF and Channel 54/WNUV, makes the list as the largest Maryland media company…..”