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Journal Media Group (JMG) Stock Gains on Sale to Gannett

NEW YORK (TheStreet) -- Shares of Journal Media Group (JMG) were gaining 42.2% to $11.80 on Thursday following the announcement that Gannett (GCI) will acquire the Milwaukee-based newspaper company for about $280 million.

The USA Today publisher will pay $12 a share in cash to acquire all outstanding shares of Journal Media Group. The...