Gannett Co. (NYSE: GCI) is acquiring ReachLocal Inc. (NASDAQ: RLOC), a digital marketing company, for $156 million.

Robert Dickey, Gannett CEO, says the deal will add more than $320 million of annual revenues to Gannett—owner of USA Today and more than 100 local news properties. Also, ReachLocal’s focus on local small and medium-sized businesses will help extend Gannett’s reach into new local markets. The deal is expected to close by Sept. 30.

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