CherryRoad Media has a deal to acquire 20 papers from Gannett. The papers, which include five dailies, are published in Kansas, Nebraska, Iowa, and Missouri.
New Mexico-based Dirks, Van Essen & April represented Gannett in the transaction. Terms were not disclosed.
This marks the largest acquisition to date for CherryRoad Media, which entered the newspaper industry in late 2020 with the purchase of the weekly Cook County News-Herald (Minnesota). It has since acquired four titles in Arkansas, one in Alabama, and started the Rainy Lake Gazette in International Falls, Minnesota.
CherryRoad Media is a subsidiary of CherryRoad Technologies, a New Jersey-based tech company that has been in business since 1983.
CEO Jeremy Gulban says the company decided late last year to look at the local newspaper industry because they felt there was a need for an infusion of tech from a supportive side as opposed to a competitive side.
The papers acquired: Pratt Tribune, Kiowa County Signal, Hiawatha Penny Press, Butler County Times-Gazette, McPherson Sentinel, Leavenworth Times, Wellington Daily News, Dodge City Daily Globe, Newton Kansan, Garden City Telegram, St. John News, Hays Daily News, Ottawa Herald (all in Kansas), Nebraska City News Press, Syracuse Journal-Democrat (both in Nebraska), Hamburg Reporter (Iowa), Independence Examiner, Chillicothe Constitution-Tribune, Boonville Daily News and Linn County Leader (all four in Missouri).
No comments:
Post a Comment
For now, we're opening this blog to Anonymous comments. This will continue as long as civility rules. Disagree as you may, just keep it clean and stay on topic. No profanity, and no name calling. We reserve the right to moderate such comments, though the person who made it may come back and reword their message in a more civil way.