New Media Investment Group Inc., one of the largest publishers of locally based print and online media in the United States as measured by number of publications, announced today that it has agreed to acquire the Austin American-Statesman and its niche publications and companion websites from Cox Media Group, LLC for $47.5 million.MORE
SC Business Publications LLC, which publishes SC Biz News, Charleston Regional Business Journal, Columbia Regional Business Journal, GSA Business Report, SCBIZ and other affiliated titles, has sold its operating assets to a unit of New Media Investment Group.MORE
New Media Investment Group Inc. has completed the acquisition of substantially all of the assets of Harris Enterprises Inc.
Dirks, Van Essen & Murray, a merger and acquisition firm based in Santa Fe, N.M., represented Harris Enterprises in the sale.MORE
New Media Investment Group Inc. has entered into a definitive agreement to acquire the newspapers and most other assets of Harris Enterprises Inc. The six newspapers will be operated by a division of New Media's GateHouse Media.MORE
Dirks, Van Essen & Murray, a merger and acquisition firm based in Santa Fe, N.M., represented New Media Investment Group in its recently announced agreement to acquire Rochester Business Journal. Terms of the transaction were not disclosed.MORE
New Media Investment Group Inc. has entered into a definitive agreement to acquire the Columbia (Mo.) Daily Tribune.
The Daily Tribune has been owned by members of the Waters family for the past 111 years. The newspaper serves a large region in central Missouri with 15,000 daily and 17,000 Sunday circulation. Columbia is home to the University of Missouri with more than 30,000 students.MORE
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Five years after its inception, Main Street Media of Tennessee is a fast-growing media company operating in the suburbs of Nashville. Publishers of eight weekly newspapers, magazines and websites, the company's focus on hyper-local news unique to each community has allowed it to grow ad revenue as well as circulation.
In three weeks, at the SNPA News Industry Summit, hear how a "print-first" operation has been able to buck the trends and set itself on a path for continued growth.
Dave Gould, president and CEO of Main Street Media, says: "The idea that people no longer want to read newspapers is, in my opinion, completely misguided. But as an industry, we have to be honest and ask ourselves if we are offering our communities a product that will attract and retain readers. If we do that, can we then build a business model that will support our efforts to provide readers with strong newspapers? I believe the answer is 'yes' and that has been the basis of our company's growth to this point."More