writenews.com Index Advertising Classifieds Feedback Feeds Homepage Linking to Us Our Blog Network Sitemap Subscribe Other Resources Bloggers BlogTM Gamers GameTM HowToWeb® The Internet Writing Journal® Media Books MediaCynic.com ReadersRead.com Shoppers ShopTM Shopping BlogTM Traders TradeTM Watchers Watch WriteJobs.com Writers Write® WWForums.com

News, features and resources for media and publishing professionals. Thursday, October 26, 2000 Blogs | Subscribe | Interviews | Events | Films | Book Blog Media Cynic | Forum | Advertising | Classifieds | Jobs Gannett Acquires Equity Stake In Space.com Gannett Co., Inc. and Space.com, Inc. have announced the formation of a strategic media partnership in which Gannett becomes an equity investor in Space.com and Space.com acquires Gannett's space media properties for its portfolio of publishing, broadcast, Web and software businesses. Gannett and Space.com have signed a definitive agreement in which Space.com acquires Space News newspaper, and spacenews.com and Florida Today's Space Online websites. Under the agreement, Gannett will provide cash investment, and the marketing and promotional support of its media assets including USA Today, and the company's regional newspapers, broadcast outlets and Internet properties, in exchange for an interest in Space.com. Closing is expected in November. ``We feel the combination of the assets of Space.com with Space News and Space Online will create a clear leader in delivering multimedia news and information about space,'' said Douglas H. McCorkindale, President and CEO of Gannett. ``Gannett and its shareholders will benefit from the partnership.'' ``Space News and Florida Today's Space Online are powerful additions to Space.com's growing roster of media assets focused on space and aerospace,'' said Space.com Chairman and CEO Lou Dobbs. ``We are proud to have Gannett as our strategic partner and we believe our relationship will accelerate the extension of our multimedia brand strategy.'' Space News, a newsweekly publication dedicated entirely to space, is a business news source for decision-makers in industry, military and government. Spacenews.com provides daily space business updates. Space News' editorial coverage ranges from space policies, politics, legislation, business and finance to satellite communications, new products and advanced technologies. The Florida Today Space Online website features daily space news focusing on Cape Canaveral, major rocket launch information and special reports. Related Links: Floriday Today Space Online Gannett Co., Inc. Space.com spacenews.com USAToday.com Click here to return to the homepage of The Write NewsTM Click here to subscribe to our free weekly email newsletter. www.writenews.com Copyright © 1997-2007 by Writers Write, Inc. All Rights Reserved.