- Associated Press - Wednesday, April 22, 2015

McLEAN, Va. (AP) - Gannett Co., Inc.’s plans to spin off its digital and broadcasting businesses have taken a step forward with a new name for the spinoff: TEGNA.

Gracia Martore, Gannett’s president and CEO, said in a statement Tuesday that the name, a rearrangement of the letters in Gannett, is a nod to the company’s more than 100 year-old history.

McLean-based Gannett, publisher of USA Today and dozens of other daily newspapers, announced the spinoff plans last year. TEGNA, spelled in capital letters, will be home to 46 television stations across the country. It will trade on the New York Stock Exchange under the ticker symbol TGNA.

The digital business includes websites like cars.com and CareerBuilder.

Newspapers will remain under the Gannett banner. The company said the split remains on track for mid-2015.



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