GateHouse Media Sheds Three Dailies

Posted Thursday, September 4, 2008 12:00 am

By: E&P Staff GateHouse Media Inc., which made its reputation as an insatiable acquirer of community papers, sold off another three dailies, it said Thursday in a joint announcement with buyer Sample News Group.

Included in the transaction are two Pennsylvania dailies: The Morning Times in Sayre and The Standard-Journal of Milton-Lewisburg, plus the Palladium Times in Oswego, N.Y.

With the acquisition, Sample News Group now has 10 daily newspapers, 20 weeklies, two business and lifestyle magazines, and three commercial printing plants in five states, said the company's CEO, George "Scoop" Sample.

This is the third acquisition for Sample in the last year.

Terms of the sale, which closed Wednesday, were not disclosed.

"These are challenging times for newspapers," Sample said in a statement. "But we specialize in small, hometown papers where local news is the most important news. Our smaller size (10 daily newspapers) allows us the time and energy to focus on our papers. We're not Wall Street investors, but a company that has enjoyed writing news about our communities for over 60 years."

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GateHouse Media Sheds Three Dailies

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