Wednesday, August 09, 2017

Carthage Press, Neosho Daily News owner buys Topeka Capital-Journal, 10 other papers

Gatehouse Media, owner of the Carthage Press, Neosho Daily News, and Pittsburg Morning Sun in the Joplin area, has bought the Topeka Capital-Journal and 10 other newspapers from Morris Communications.

From the Morris Communications news release:

Morris Communications today announced that is selling 11 of its daily and non-daily newspaper holdings, its Lubbock, Texas-based commercial printing operation and other related publications to GateHouse Media, Inc. The sale is part of the company’s strategic restructuring to focus its business on lifestyle and niche publications, broadband operations, property development and new business and is expected to be finalized on October 2, 2017.

The daily newspapers offered in the sale include The Florida Times-Union(Jacksonville); The St. Augustine (Fla.) Record; The Savannah (Ga.) Morning News; The Augusta (Ga.) Chronicle; The Athens (Ga.) Banner-Herald; Lubbock (Texas) Avalanche-Journal; Amarillo (Texas) Globe-News; the Topeka (Kan.) Capital-Journal; Log Cabin Democrat (Conway, Ark.); Juneau (Alaska) Empire; Peninsula Clarion (Kenai, Alaska); and Homer (Alaska) News.

And from the Gatehouse Media news release:

“GateHouse is very excited to welcome the Morris publications and their employees into our company,” said Michael E. Reed, New Media president and CEO. “For more than 80 years, the Morris family has built and operated an incredible collection of local media assets. We are honored that the family has chosen us to uphold the rich tradition of journalism and innovation they have established. This transaction will expand our footprint into new states and add some very attractive markets to our local media portfolio. We see strong synergies between our two companies and look forward to the value creation opportunity that will exist as we combine the portfolios.”

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