Saturday, February 03, 2007

GateHouse spending spree to continue

Look for GateHouse Media, owner of The Carthage Press, Joplin Daily, Neosho Daily News and Bic Nickel in this area, to continue its recent series of acquisitions.
In documents filed Friday with the Securities and Exchange Commission, the company announced it has secured $960 million in financing, which it intends to use to "refinance existing debt, finance the previously announced acquisition of SureWest Directories (which acquisition is subject to governmental approvals and other customary closing conditions), and finance future acquisitions."

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