Gannett Announces Agreement to Purchase New Jersey Press, Inc.
Neptune, NJ — Gannett Co., Inc. announced today that it has signed an agreement to purchase New Jersey Press, Inc., which publishes the daily Asbury Park Press and Home News & Tribune of East Brunswick, and operates In Jersey, an Internet service. Terms of the deal were not announced.
John J. Curley, Gannett chairman, president and CEO, who worked as a reporter for the Press in 1966 and 1967 and as an editor for the News Tribune, now part of the Home News & Tribune, from 1967 to 1969, said, “Since I spent a lot of time as a reporter, editor and publisher in New Jersey, I’m pleased that Gannett is the successor owner to the Press and Home News & Tribune. These are distinguished newspapers with a long track record of public service reporting and community involvement.”
The Asbury Park Press, founded in 1879, has a daily circulation of approximately 160,000 and 230,000 on Sunday. The Home News & Tribune has approximately 81,000 daily circulation and 87,000 on Sunday.
Closing is expected to occur in the third quarter of 1997, subject to obtaining applicable governmental approvals and the satisfaction of other pre-closing conditions.
Gannett is a nationwide news and information company that publishes 89 daily newspapers, including USA TODAY, and USA WEEKEND, a newspaper magazine. Gannett also operates 18 television stations, five radio stations, cable television systems in five states and alarm security services.