Thursday, February 16, 2017
Carthage Press, Neosho Daily owner bought by Japanese firm
Fortress Investment, a hedge fund company that owns New Media, which in turn operates Gatehouse Media, has been sold to Soft Bank Group Corp., the Japanese multinational company that owns Sprint, among its other investments, for $3.3 billion.
New Media owns 564 publications, including the Press, the Daily, the Pittsburg Morning Sun, the Aurora Advertiser, and the Big Nickel in this area.
The Carthage Press and the Neosho Daily News were both once owned by Canadian-based American Publishing, which purchased the Press from another Canadian company Thompson Publishing.