Thursday, July 28, 2005

Globe parent company expands into New England

The number of family-owned newspapers continued to shrink this week, as Community Newspaper Holdings, Inc., owners of approximately 90 daily newspapers, including The Joplin Globe, announced it would buy Eagle-Tribune Publishing Company, which has newspapers serving 55 communities in northeastern Massachusetts and southern New Hampshire, according to a story in today's Boston Globe. The biggest newspaper in the transaction is the company's flagship product, the Lawrence Mass. Eagle-Tribune.
Neither company was talking about the price, the article said. The company has four daily newspapers plus twice-weekly and weekly publications. The Eagle-Tribune has won two Pulitzer Prizes, the story said, with the most recent coming in 2003 for its coverage of the drowning of four boys.
Community Newspaper Holdings, Inc., is primarily operated by Retirement Systems of Alabama, a state employee pension fund.

No comments: