Gannett Co., McLean, Va., hired Vanguard Group as record keeper of its 401(k) plan, spokesman Jeremy Gaines said in an e-mail.
Vanguard will replace Xerox. A blackout period for participants is schedule to begin June 5 and end during the week of June 15, said an 8-K filing with the Securities and Exchange Commission.
The change comes as part of the restructuring of its 401(k) plan into two separate plans, one for the digital/broadcast business and one for the publishing business. Each business will become a separate publicly traded company sometime during the summer.
The Gannett 401(k) Plan had $1.6 billion in assets as of Dec. 31, 2013, according to the company’s most recent Form 5500 filing.
Mr. Gaines did not respond to a request for further information by press time.
