7/9/2008

Gannett has bought out its partners Tribune Co. and McClatchy Co. in their jointly owned local retail site, ShopLocal.com. Gannett paid $7.875 million for McClatchy's 15% share, and an undisclosed sum for Tribune's 42.5% stake, which had been valued at roughly $33 million, this article says.

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Mediaweek

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