MEDIA & ENTERTAINMENT

Gannett to Buy Honolulu Advertiser: Gannett Co. said it is buying the morning paper for $250 million from Persis Corp., whose chief executive, 71-year-old Thurston Twigg-Smith, decided to sell because none of about 50 stockholders, many of them relatives, wanted to follow him in the business. Gannett must sell the afternoon Honolulu Star-Bulletin to comply with antitrust laws barring it from owning both of the city’s daily newspapers. In recent years, the Advertiser overtook the Star-Bulletin in circulation and now leads 105,000 to 88,000.