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Thursday, October 25, 2007

GateHouse Media purchases 14 dailies, three non-dailies from Morris Publishing Group

A deal between two community newspaper chains will make 17 newspapers in eight states change hands. GateHouse Media Inc. announced late Tuesday its purchase of 14 dailies, three non-dailies and a commercial printing operation from Morris Publishing Group. The sale totals $115 million, reports Editor & Publisher.

The 14 daily newspapers, mainly in the rural Midwest, range in size from the 4,700-circulation York (Neb.) News-Times to the 21,000-circulation of The Grand Island (Neb.) Independent. Here is the complete list of the dailies and their circulations:
  • Dodge City (Kan.) Daily Globe, 9,700
  • The Newton Kansan, 7,647
  • The Morning Sun, Pittsburg, Kan., 10,312
  • Hillsdale (Mich.) Daily News, 7,285
  • The Holland (Mich.) Sentinel, 18,345
  • Hannibal (Mo.) Courier-Post, 8,171
  • The Examiner, Independence, Mo., 14,022
  • The Grand Island (Neb.) Independent, 21,204
  • York (Neb.) News-Times, 4,695
  • The Daily Ardmoreite, Oklahoma, 9,753
  • The Shawnee (Okla.) News-Star, 8,830
  • Yankton (S.D.) Daily Press & Dakotan, 7,855
  • The Oak Ridger in Tennessee, 7,554
  • News Chief in Winter Haven, Fla., 9,817
The deal also includes three non-dailies:
  • La Estrella (Spanish counterpart of Dodge City Daily Globe)
  • The Girard (Kan.) City Press, 1,300
  • Vermillion (S.D.) Plain Talk, 1,630
Morris Publishing CEO William S. Morris IV said the sale is "in line with our strategic plan to focus on our larger markets and will enable us to pay down our existing bank debt." Before the sale, the Augusta, Ga.-based Morris Publishing owned and operated 27 daily newspapers, while the Fairport, N.Y.-based GateHouse, one of the nation's largest community newspaper chains, owned and operated 86 dailies. "This is an excellent acquisition opportunity for GateHouse," GateHouse CEO Mike Reed said in a statement. "These are strong local media franchises in small markets, many of which are near existing GateHouse properties and offer compelling synergy opportunities." (Read more)

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