Gannett (GCI +1.8%) snaps up mobile app maker Mobestream Media for an undisclosed amount. The...

|About: Gannett Co., Inc. (GCI)|By:, SA News Editor

Gannett (GCI +1.8%) snaps up mobile app maker Mobestream Media for an undisclosed amount. The deal will help the company move into the mobile coupon market and follows up on a purchase of a Facebook ad firm last month. Though the media conglomerate's publishing business has been in decline, the company has done a fine job finding revenue channels in digital.