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MEDIA (TRADITIONAL) | Publishing

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Stage

Acquired - II | Acquired

About Community Newspaper Company

Community Newspapers Company is a chain of suburban newspapers consisting of 126 weeklies and dailies north and west of Boston, Massachusetts.In June 2006, Community Newspapers Company was acquired by GateHouse Media. The valuation of Community Newspapers Company was undisclosed. Other terms of the deal were not released.

Community Newspaper Company Headquarter Location

Boston, Massachusetts,

United States

Latest Community Newspaper Company News

Dirks, Van Essen & Murray GateHouse Media Inc. Acquires Community Newspaper Company

Jan 30, 2013

, a newspaper merger-and-acquisition firm based in Santa Fe, New Mexico, was a co-advisor to Herald Media in the transaction. Community Newspapers Co. consists of 126 weeklies and dailies north and west of Boston, Massachusetts. Circulation of the dailies totals approximately 45,000, and the non-dailies 578,000. Community Newspaper Co, was acquired by Herald Media, Inc., publisher of the Boston Herald, in 2001. Under the sale agreement, advertising cross-selling, cross-promotion and editorial content sharing between the Boston Herald and Community Newspapers Co. will continue. Patrick Purcell will continue to own and publish the Boston Herald. Mike Reed, the CEO of GateHouse Media since January, said “The business model of CNC is exactly the same as GateHouse's," Reed said, "and that is to be the premier provider of local news and information.” GateHouse is a leading publisher of local newspapers and related publications that are the dominant source of local news and print advertising in their markets. GateHouse was acquired by New York-based private equity firm, Fortress Investment Group, in 2005. It owns and operates 274 publications located in 15 states that reach approximately 2.1 million people on a weekly basis. The majority of the company's paid daily newspapers have been published for more than 100 years and are typically the only paid daily newspapers of general circulation in their respective non-metropolitan markets. GateHouse formerly had no presence in New England. In a separate announcement, GateHouse announced it has closed on its transaction to acquire Enterprise NewsMedia, LLC, publishers of the Quincy (MA) Patriot Ledger, Brockton (MA) Enterprise and 11 non-dailies in the South Boston area. With the two acquisitions, GateHouse now reaches nearly 1 million households with its publications in the Greater Boston market. DIRKS, VAN ESSEN & MURRAY 119 East Marcy Street | Suite 100 | Santa Fe, NM 87501 TEL (505) 820 2700 | FAX (505) 820 2900 CAL DVM INC A subsidiary of Dirks, Van Essen & Murray L. James Grattan, Broker | CA DRE #01478788

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