Wednesday, March 14, 2007

GateHouse buys nine more newspapers

GateHouse Media added more newspapers to its portfolio Tuesday, announcing the purchase of nine publications from Copley Press, Inc.:

The purchase includes the Peoria (Ill.) Journal Star, the State Journal-Register in Springfield, Ill., The Repository in Canton, Ohio, and four other daily newspapers in those areas, with a total combined daily circulation of 241,060. The deal also includes the purchase of two weekly newspapers with a combined circulation of 34,918
.

GateHouse newspapers in this area include The Carthage Press and the Neosho Daily News, and until last Friday included the Joplin Daily.

1 comment:

Anonymous said...

Just a wild thought.

Other businesses have been known to buy a company that was turning a profit and do everthing they could to turn it into a money-loser so that they could use it to cut taxes on their, for lack of a better word, "major, well established" companies. Is that a possibility here?