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Gannett Stock (NYSE: GCI) Gets Slight Boost as Company Announces Spin Off

Gannett Co. Inc. (NYSE: GCI), the parent company of USA Today, announced Tuesday it is splitting into two publicly traded companies. Gannett stock was up a slight 0.23% by 11:20 a.m. at $34.41.

The media giant will separate its broadcasting and digital business from its publishing division.

Several similar media spin-offs have recently taken place – here’s a look at why these transactions are becoming so popular…