Gannett Teams With PE To Spin Out Digital Media Biz

Law360, New York (September 27, 2013, 5:58 PM EDT) -- Media giant Gannett Co. Inc. will spin off its Captivate Network business, which will be jointly owned by Gannett and private equity firm Generation Partners, the companies announced Thursday.

Captivate, a news network that shows up on more than 10,000 elevator screens in 1,000 North American office buildings, will grow better when fueled by capital and strategic focus from both companies, Gannett said. The companies didn't release transaction terms, but a Gannett spokesman confirmed that the deal had closed.

“Captivate is one of the most established...
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