Gannett to buy Journal Media Group for $280 million
|
Gannett, the publishing company that owns USA TODAY and media businesses in 92 local markets, said late Wednesday that it has agreed to buy Journal Media Group for about $280 million, following through on a strategy of acquiring additional local news outlets after it was spun off from its former parent in June.
Shareholders of Milwaukee-based Journal Media Group will receive $12 a share in cash. That is a 45% premium from the Wednesday closing price of $8.30.
Journal Media Group ( JMG) owns the 178-year-old Milwaukee Journal Sentinel, The Commercial Appeal of Memphis, 15 other daily newspapers, 18 weeklies and their affiliated websites in 14 U.S. markets. MoreImage from http://www.gosanangelo.com
|
Niagara Gazette offices moving to Third Street
|
 After decades of operation at its office on Niagara Street in Niagara Falls, the Niagara Gazette will soon be on the move.
Community Newspapers Holdings, Inc., the owners of the Niagara Gazette, have entered into an agreement to sell the newspaper building at 310 Niagara St. to the Buffalo-firm Ellicott Development. As part of the deal, the newspaper's offices will be moving into space it will be leasing from Ellicott at a building owned by the developer at 473 Third St.
Gazette Publisher Chris Voccio said the agreement is expected to close soon.
"Newspapers across the country are selling their legacy properties and moving into more modern offices," Voccio said. "We're doing the same here."
Gazette employees are scheduled to begin working out of the new building on Oct. 20.
Voccio said customers can expect no changes in terms of the publication and delivery of the newspaper itself, but they will notice improvements to the Gazette's office space. More
|
It's National Newspaper Week
|
 Today's column is part of a series of features we're publishing this week in conjunction with National Newspaper Week, an industry-wide push to raise awareness about the value of our products. Perhaps because they've been around for so long (our newspaper, as many of you know, is about to head into its 200th anniversary year), it's easy to take the variety of services newspapers provide for granted. And because of the recent trend of more people consuming news on digital platforms, it's easy to think of newspaper companies as outdated because of their long association with ink-on-paper products.
National Newspaper Week, now in its 75th year, is as important as ever because we need to remind people of the wide variety of ways our content relates to their lives, and we need to dispell the myths about the limitations of our industry. More_________________________________________
For NAA members, click here to access a camera-ready ad and social media graphic to promote International Carrier Day - Saturday, Oct 10.
|
NYT creates separate editorial group for production of print edition
|
 Citing a desire to break free from the legacy of the print deadlines, The New York Times on Tuesday announced the creation of a centralized desk responsible for putting out the daily print edition.
According to a staff memo from Executive Editor Dean Baquet, The Times is shifting responsibility for the paper's print edition away from various desk editors and empowering a group of journalists at a central desk to order space and make decisions about placement of content on inside pages. To make that possible, we are moving most print production responsibilities away from individual desks and placing them in the hands of a centralized group of editors. This new centralized print group will be part of a news hub - an expansion of the current news desk - that oversees the placement and presentation of coverage on all platforms. The print group will include the designers who, in consultation with backfields, will order space and make decisions about play on all inside news pages.
More
|
Dow Jones Statement on the New Open Source Initiative, the Accelerated Mobile Pages Project
|
"The Wall Street Journal is playing a central role in the development of a digital ecosystem that gives audiences new and better ways to access our high quality content. We are particularly enthusiastic about innovation that allows subscription business models to take root and flourish.
Content creators and technology platforms can and should work to shape a future that serves our customers in ever more exciting ways. That is why collaborating with the Accelerated Mobile Pages Project makes perfect sense for us, and our readers." More
|
NNA selects Illinois Press Association as managers
|
National Newspaper Association President John Edgecombe Jr., publisher of The Nebraska Signal in Geneva, NE, today announced that the Illinois Press Association, based in Springfield, IL, would become NNA's new management firm beginning January 2016.
"I am very pleased with our board's selection of a management partner. We received many qualified submissions for management, which our Transition Committee reviewed over the summer, and we found the highly-talented management team at Illinois Press would provide the best fit for NNA. They have a deep bench of marketing, database and leadership-oriented executives and they are completely committed to the success of the newspaper business," Edgecombe said.
"The Illinois Press Association is honored to be chosen to provide management services to NNA. We are confident the synergies of our combined resources will greatly benefit both organizations," said Dennis DeRossett, IPA executive director. "Our missions are parallel-we are both strong advocates of newspapers and the important role they play in our communities and in our democracy. At this time in our histories, this partnership is an important next step that will strengthen both organizations and enable us to move forward in new ways to the benefit of our member newspapers." More
|
|
In a New York Minute is the weekly electronic newsletter of NYNPA, providing you with member news, money-saving and money-generating ideas, and upcoming events. If you would like to contribute to this newsletter please reply to this e-mail or contact mmiller@nynpa.com. For more on NYNPA please visit us on the web at www.nynpa.com.
Mary Miller Education Services Director
New York News Publishers Association
|
|
|
NIE Monthly Features
Free Features include:
October - Fire Safety and Prevention Month
November - National Family Literacy Month
Why not center each in a page and run ads from NIE sponsors or advertisers around it?
You could make some money to support the NIE program and young readers and the general public just might learn something too! Need more info? Contact Mary Miller at mmiller@nynpa.com or call 518-449-1667 x 701__________________
| |
|
|