Gannett Co., Inc. announced that Gannett Holdings, LLC, a wholly owned subsidiary of the Company, has priced a $1.045 billion term loan, which will be used to refinance the 11.5% term loan entered into for the acquisition of Gannett Media Corp. The Term Loan B priced at L+700, with a 0.75% LIBOR floor and maturity of February 2026, callable at any time. The new Term Loan B is expected to close early next week and is subject to execution of definitive documentation. “We are pleased to announce the refinancing of our 11.5% term loan with a widely syndicated L+700 Term Loan B, which meaningfully improves the Company’s balance sheet and overall capital structure,” said Michael Reed, Chairman and Chief Executive Officer of Gannett.

American Media, Inc. announced that it has reached an agreement to acquire 13 brands from Bauer Media USA. The addition of the Bauer titles, including In Touch, Life & Style, and Closer as well as the nine brands that make up the Bauer Teen Group, including J-14 and Girls World, will now be part of the AMI Entertainment Group. Combined, the new AMI Entertainment Group will reach 38 million readers and deliver the youngest median age in the category. Newsstand sales will average 1 million copies weekly with less than 25 percent reader duplication. Click Read More below for additional information.

The United States Postal Service has once again filed to increase postal rates. This is a continuation of USPS’s Delivering for America Plan (DFA), a 10-year roadmap aimed at financial stability. If approved by the Postal Regulatory Commission, new rates will take effect July 13, 2025. This would mark the seventh price hike since 2021 and a continuation of a troubling trend for those who rely on the Postal Service. When is the Cost of Stamps Going Up? The cost of a First-Class Mail Forever stamp is set to rise by 5 cents, from 73 cents to 78 cents. This is part of a broader 7.4% increase across mailing services.