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 deal isn't yet finished. But Ken Doctor says he has been told by multiple sources that there are no major stumbling blocks left to negotiate in a megamerger between the United States' two largest daily newspaper chains – Gannett and GateHouse. It's increasingly likely to happen, with an announcement by summer's end. That's despite absolute public silence from the companies involved.
Read more from his article in NiemanLab.More
Here's a taste of what you'll hear in Chicago, Oct. 6-8:
- Walter Hussman reports on the Arkansas Democrat-Gazette's bold move to convert all its subscribers to digital subscribers.
- Recruitment guru Laurie Kahn on what newspapers need to do to assemble a team of sales superstars.
- The Post and Courier reveals results from the Google News Initiative – literally days after its conclusion.
- News from Washington on the newspaper industry's fight to get a fair share of revenue from Facebook and Google.Springs.