What was announced last week as the sale of Community Newspaper Holdings Inc. to the Retirement Systems of Alabama was really an acquisition of the small percentage RSA didn't already own, according to RSA CEO David Bronner.
"We already owned 87 percent of it," Bronner said.
RSA is made up of several state employee pension funds. Its holdings include golf courses, office towers and, until now, Raycom Media, of which CNHI was a part. But Raycom was sold to Gray Media, while CNHI will remain based in Montgomery with RSA.More
The number of deals involving daily newspapers continued its upward trajectory in 2018, with 36 separate transactions closed by year end.
It was the largest number of daily newspaper deals since 2000, and the fourth straight year of higher transaction volume.
The two key drivers of this activity were largely unchanged from the prior year: owners of clusters of publications seeking to build larger regional footprints, and the difficulties faced by small operators lacking the scale needed to manage expenses.
Read more from Dirks, Van Essen, Murray & April.MORE
Horizon Publications has acquired The Shelby Daily Globe Inc., which includes The Shelby Daily Globe, the Willard Times-Junction, The New London Record, Firelands Farmer and the Shopper's Helper from Scott Gove and the Stambaugh family, according to Randy Cope of Cribb, Greene & Cope who represented the families.MORE
In a first-of-its-kind study from Louisiana State University's Manship School of Mass Communication, researchers discovered journalists can increase media trust by speaking out in defense of their profession while also doing more fact checking.MORE
RJI is looking to advance new products, services, ideas and storytelling techniques with funding, mentoring, testing and promotion. RJI offers three types of fellowships.MORE
Despite the meteoric rise of social media as a source for information, most Floridians still trust television over social media to get their news. That is one of the findings from a University of Florida study about news consumption habits and trust in news.MORE
Time magazine named four journalists and a newspaper on Tuesday as its 2018 Person of the Year for standing up for the truth in the face of persecution and violence.MORE
A. H. Belo Corporation has received written notice from 508 Young Acquisition LP, an affiliate of KDC Development, LLC, exercising its right to terminate the agreement dated Oct. 29 under which 508 Young Acquisition LP contracted to acquire the former campus of The Dallas Morning News in downtown Dallas for $33 million.MORE
Nexstar Media Group has agreed to buy Tribune Media for about $4.1 billion, creating the largest owner of local TV stations in the U.S.
In 2014, Tribune Media, then known as Tribune Co., spun off its publishing division, including the Chicago Tribune and other newspapers, retaining its broadcast and real estate assets.MORE
Brian Knox, president of W. D. Hoard & Sons Company, has announced that the newspaper division of the company has been sold to Adams Publishing Group. The Daily Jefferson County Union and the affiliated Hometown News Limited Partnership publish 13 community newspapers and shoppers, stretching across parts of six counties in south central Wisconsin.MORE
James M. Clifford has announced that the Watertown (Wis.) Daily Times and Dodge County Independent News have been sold to Adams Publishing Group. The Watertown Daily Times is published Monday through Friday and the Dodge County Independent News weekly. Terms of the agreement were not disclosed.MORE
The Kentucky New Era Group has sold its daily newspaper in Hopkinsville and four non-daily newspapers to Paducah-based Paxton Media Group.
Dirks, Van Essen, Murray & April, a media merger and acquisition firm based in Santa Fe, N.M., represented Kentucky New Era Group in the transaction. Terms were not disclosed.More
As 2019 approaches, longtime Conway, Ark., institutions – the city main offices and the 140-year-old newspaper – each will move locations.
The Log Cabin Democrat and its staff are moving from its current location on the first floor of the Federal Building on Main Street to its new spot at 1121 Front St.More