Central Missouri Real Estate was distributed to 15 counties, the article said:
The publication was started in August 2005 by Vision Media, which is owned by Fairport, N.Y.-based GateHouse Media Inc., a publicly traded company that owns 383 newspapers and 132 advertising-only publications.
"Obviously, this office had one revenue stream," (General Manager Tim) Turner said. "That was the real estate market and affiliated businesses. When the real estate market is bad or down, people don’t realize how much it affects everybody."
Turner said 15,000 copies were distributed to more than a dozen Central Missouri communities.
Turner and his late brother, Tom Turner, former publisher of the Lake Sun Leader, headed up Central Missouri Real Estate and had plans to launch two other publications. Those plans were derailed when Tom Turner was diagnosed with cancer. He died in July 2006.
"We had a five-year plan," said Turner, a former Tribune ad rep. "We were going to have three publications."
Turner said the business was successful but earnings couldn’t keep pace with corporate expectations. "It was a very good product," he said.
GateHouse Media owns The Carthage Press, Neosho Daily News, Big Nickel, and other publications in southwest Missouri and southeast Kansas.
No comments:
Post a Comment