USA TODAY and Lee reorganize local-newspaper ownership
USA TODAY ($TDAY) and Lee Enterprises ($LEE) have announced agreements reshaping their local-newspaper portfolios. The arrangements end TNI Partners, the joint venture behind the Arizona Daily Star, with USA TODAY assuming full ownership and operations. Lee will acquire four publications in Montana and South Dakota: the Great Falls Tribune, Sioux Falls Argus Leader, Aberdeen American News and Watertown Public Opinion. The companies described the agreements as effective immediately, concentrating
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