The regional newspaper publisher Newsquest is in exclusive talks with rival Archant about a takeover that would unite the publishers of the North Wales Pioneer and the Eastern Daily Press.
The regional newspaper publisher Newsquest is in exclusive talks with rival Archant about a takeover that would unite the publishers of the North Wales Pioneer and the Eastern Daily Press.
Gannett has sold sports, media and pop-culture website The Big Lead to Minute Media. Minute Media president Rich Routman told Morning Consult the company wants to land one media deal similar to The Big Lead acquisition every quarter this year, particularly in the technology, food and lifestyle space.
According to the FT the hedge fund-backed US newspaper group known for hollowing out American newsrooms in its pursuit of cost cuts has proposed a takeover of USA Today owner Gannett, valuing the company at $1.4bn.
Newsquest, the UK’s second-biggest regional newspaper group, has held takeover talks with Archant, owner of titles including the Ham & High in London and anti-Brexit paper the New European, as consolidation continues to sweep the industry. However, the talks apparently ended in part due to reticence from Newsquest’s parent Gannett
One of the last big family-owned newspaper publishers in the UK, CN Group, is being sold to US-owned regional publisher Newsquest The group has been helmed by four generations of the Burgess family and boasts a newspaper history going back 200 years to the Carlisle Patriot. John Burgess, great grandfather of current CN Group chairman Robin Burgess, became the newspaper’s editor in 1868
The erosion in print ad sales kicked off at the beginning of 2016 and did not let up. In the fourth quarter alone, print sales dropped 20 per cent at the New York Times and at McClatchy, operator of 29 US daily papers. Gannett, owner of USA Today, reported a 15 per cent fall in the US and a 14 per cent decline at Newsquest, its UK chain. News Corp said the fall in print dragged total ad revenue down 29 per cent at News UK (publisher of The Sun and The Times), 20 per cent at Wall Street Journal publisher Dow Jones and 12 per cent at its Australian papers. The Financial Times and Tronc, the owner of the Los Angeles Times and Chicago Tribune, have also been hit.
After its persistent efforts to buy tronc, formerly Tribune Publishing, Gannett Co., Inc. announced its plans to acquire digital marketing company ReachLocal, Inc. with the goal to enhance Gannett’s digital revenue by 50%
Gannett today announced that it has increased its offer to acquire Tribune Publishing Company to $15.00 per share from $12.25 per share — a 22.5% increase. The move comes after its initial bid was rejected and Tribune adopted a “poison pill” plan to block the offer
Gannett Co. (GCI), which owns USA TODAY and more than 100 other media properties across the country, said Monday it offered to buy Tribune Publishing (TPUB) for about $815 million, its second big expansion move since spinning off from its former parent less than a year ago
After a round of divestment comes a round of consolidation, in a process reminiscent of musical chairs combined with bumper cars.Gannett Co., the newspaper publisher that recently spun off from the broadcast TV company now known as Tegna, announced that it is buying Journal Media Group
Revenue in the digital business, which includes Cars.com and CareerBuilder.com, jumped 85.1 percent to $332.7 million in the first quarter ended March 29, from a year earlier. Revenue from the publishing business fell 13.9 percent to $50.5 million.
Regional newspaper company’s adjusted profits last year fell to £67.3m, and parent company Gannett UK’s titles dropped 5.4%
Following similar moves of other media companies, Gannett Co. will split into two publicly traded companies — one for its TV/digital assets and one for its publishing businesses
Gannett, the parent of Newsquest, saw its second-quarter profits rise 84% alongside a 12% increase in revenue compared to the same period last year
Gannett, the parent of Newsquest, saw its second-quarter profits rise 84% alongside a 12% increase in revenue compared to the same period last year