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Morris sells papers to GateHouse

Discussion in 'Journalism topics only' started by steveu, Oct 24, 2007.

  1. steveu

    steveu Well-Known Member


    Hmm. Good or bad news for some of these papers?
  2. JoelHammond

    JoelHammond Member

    "This is an excellent acquisition opportunity for GateHouse," GateHouse CEO Mike Reed said in a statement. "These are strong local media franchises in small markets, many of which are near existing GateHouse properties and offer compelling synergy opportunities."

  3. chester

    chester Member

    Let me get this straight. The company is hemorraging money because it so badly overspent its revenue is buying all these papers in Ohio and the like back in spring, so much so that it forced a company-wide freeze this fall on just about any spending and forced papers to slash all sorts of other spending. Now, it's buying more papers. These people don't have a clue, do they?
  4. Barsuk

    Barsuk Active Member

    I can't imagine there are very many scenarios in which being sold by Morris would be bad news for a paper. Apparently, this is one of the few.
  5. spup1122

    spup1122 Guest

    Expect The Log Cabin Democrat in Conway to be sold to Stephens Media soon if the CEO is saying the company wants to focus on the larger markets.
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