New Media Investment Group acquires 6 daily newspapers
NEW YORK – In two separate acquisitions, six daily newspapers and 10 weekly newspapers were sold to New Media Investment Group, one of the largest owners of newspapers in the country. New Media purchased five daily, nine weekly newspapers and four shoppers comprising the American Consolidated Media Southwest group. The newspapers are based in small-market communities in Texas, Oklahoma and Kansas. New Media also purchased The Petersburg Progress-Index, as well as a weekly publication, The Colonial Voice. Those newspapers are in Virginia. Together, the two acquisitions were purchased for $15.3 million.
New Media is the owner of GateHouse Media, LLC, one of the largest publishers of locally-based print and online media in the United States. The acquired newspapers will be managed by GateHouse Media. GateHouse Media is The TImes Record's parent company.