Editor’s note: This is the first in a series of new, “trendy” practices being put into place in agriculture.
Gannett Co. Inc. continues to sell smaller newspapers that became part of the brand when GateHouse Media bought Gannett and adopted its name. The latest are 20, including five dailies in Kansas, Nebraska, Iowa and Missouri, in line to be sold to CherryRoad Media Inc. Terms were not disclosed.
This will be the largest acquisition yet for CherryRoad Media, a subsidiary of CherryRoad Technologies, a New Jersey-based technology company that provides technical solutions and system integration services to large enterprises, particularly state and local governments. CEO Jeremy Gulban said in a press release from media broker Dirks, Van Essen & April that the company decided late last year to look at the local newspaper industry because they felt there was a need for an infusion of technology from a supportive side as opposed to a competitive side.
Most the newspapers being acquired from Gannett are in Kansas: the Pratt Tribune, the Kiowa County Signal, the Hiawatha Penny Press, the Butler County Times-Gazette, the McPherson Sentinel, The Leavenworth Times, the Wellington Daily News, the Dodge City Daily Globe, the Newton Kansan, the Garden City Telegram, the St. John News, the Hays Daily News and the Ottawa Herald.
The Missouri acquisitions are the Independence Examiner, the Chillicothe Constitution-Tribune, the Boonville Daily News and the Linn County Leader. Other papers being sold are the Nebraska City News Press, the Syracuse (Neb.) Journal-Democrat and the Hamburg (Iowa) Reporter.