New Media Completes Acquisition of the Akron Beacon Journal for $16.0 Million and Completes the Sale of Substantially All of the Publishing and Related Assets of GateHouse Media Alaska Hol...
NEW MEDIA INVESTMENT GROUP (NEWM)
Last new media investment group earnings: 10/26 06:50 am
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)-- New Media Investment Group Inc. (“New Media” or the “Company”, NYSE:NEWM), one of the largest publishers of locally based print and online media in the United States as measured by number of publications, announced today that it has completed its acquisition of substantially all of the publishing and related assets of the Akron Beacon Journal from Black Press, Ltd. (“Black Press”) for $16.0 million on May 11, 2018. In a separate transaction, New Media has completed its sale of substantially all of the publishing and related assets of GateHouse Media Alaska Holdings, Inc. (“Alaska Properties”) to Black Press. The Akron Beacon Journal has been the newspaper of record in Greater Akron for over 175 years. It has a daily circulation of over 68,000 and also offers the leading digital source of news for the local market, Ohio.com. It has received the Pulitzer Prize four times and ann
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