The separation between the Detroit Free Press and the Detroit News did not last long.
USA Today Co.,
Inc., owner of the Free Press, announced on Monday that it is acquiring the News less than a month after their joint operating agreement came to an end.
The terms
were not disclosed, but US Today Co. will finance the purchase in part with cash and with funds managed by its Apollo Global Management, its primary lender. The deal is expected to close by the end of
the month.
Despite the common ownership, the papers will operate separately, which means that Detroit will remain a two-newspaper town.
“The acquisition
of The Detroit News will be a strategic investment that strengthens the USA TODAY Network’s audience and its portfolio of more than 200 local publications nationwide and
reinforces our commitment to local journalism in the Detroit metropolitan area,” says Michael Reed, chairman and chief executive officer of USA Today Co., formerly known as
Gannett.
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“Welcoming The Detroit News fully to our network will enable the continued delivery of trusted, high-quality news and content to our audiences and
advertisers in the region," Reed adds.
On Monday, USA Today Co. said it would finance the purchase of The News in part with cash and also with funds managed by Apollo Global
Management, its primary lender.
In 1989, a joint operating agreement between the Free Press and the News was created to combine advertising,
printing, and distribution services, although the publications remained independent.. The agreement ended on December 28, 2025.
“Welcoming The Detroit News fully to our network will
enable the continued delivery of trusted, high-quality news and content to our audiences and advertisers in the region,” says Reed in a statement. The acquisition “reinforces our
commitment to local journalism in the Detroit metropolitan area,” Reed adds.