By: E&P Staff
In a meeting with members of her staff Tuesday afternoon, Marianne Stanton, editor and publisher of the Inquirer and Mirror of Nantucket, Mass., announced that the paper’s parent company, Ottaway Newspapers, had been taken off the market by News Corp.
“We’re not being sold. That’s the bottom line,” Stanton told the paper. “After a year of uncertainty, first with the announcement of the sale of Dow Jones to News Corporation last spring and the subsequent announcement in November that NewsCorp was exploring the sale of Ottaway, it?s good to be free of that distraction and get down to the business of serving our readers and advertisers.”
Other Ottaway publishers have reportedly made similar announcements to their staffs.
Speculation had been heavy that News Corp. was looking to unload Ottaway Newspapers, a unit of Dow Jones. Neither Ottaway, Dow Jones, nor News Corp. has made an official statement.
In May, Ottaway announced that it was cutting jobs. At the time, CEO John Wilcox said that the cuts accounted for less than 5% of the company’s total workforce.
Ottaway publishes 8 daily and 14 weekly newspapers and their community Internet sites in seven states: Massachusetts, Maine, New Hampshire, New York, California, Oregon and Pennsylvania. The company’s major properties include The Cape Cod Times, the Inquirer and Mirror, and Nantucket Today.