Gannett, MediaNews Group Expand and Reorganize Texas-New Mexico Partnership
McLEAN, VA and DENVER, CO – Gannett Co., Inc. (NYSE: GCI) and MediaNews Group, Inc. today announced an agreement to expand their Texas-New Mexico Newspapers Partnership to include four newspapers in Pennsylvania. Also, MediaNews Group will become the managing partner.
Gannett will contribute the Public Opinion of Chambersburg, PA to the partnership. MediaNews Group will contribute the York Daily Record and York Sunday News, the Lebanon Daily News of Lebanon and the Evening Sun of Hanover. The York Daily Record and York Sunday News will continue to operate under the terms of a JOA which includes the York Dispatch.
Terms of the agreement were not disclosed.
“Expanding the Texas-New Mexico partnership to include Gannett’s and MNG’s Pennsylvania properties makes economic sense. Working together, the four Pennsylvania properties can expand product offerings more effectively and efficiently for our customers,” said Sue Clark-Johnson, president of Gannett’s Newspaper Division.
“MediaNews Group and Gannett have a track record of working well together. We are pleased to take over the day-to-day management of this partnership as it grows and expands into a new geographic area,” said William Dean Singleton, vice chairman and chief executive officer of MediaNews Group.
The Texas-New Mexico Newspapers Partnership was formed in 2003 when Gannett contributed its El Paso (TX) Times and MediaNews Group contributed six New Mexico newspapers: the Alamogordo Daily News; Carlsbad Current-Argus; The Deming Headlight; The Daily Times in Farmington; the Las Cruces Sun-News; and the Silver City Sun-News.
Gannett and MediaNews Group are partners in two other operations: The Detroit Newspapers Partnership, L.P. and, along with Little Rock, AR based Stephens Media Group, the California Newspapers Partnership.
Gannett Co., Inc. is a leading international news and information company that publishes 99 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns more than 900 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom’s second largest regional newspaper company. Newsquest publishes more than 300 titles, including 17 daily newspapers, and a network of prize-winning Web sites. Gannett also operates 21 television stations in the United States and is an Internet leader with sites sponsored by its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the Web.
MediaNews Group, Inc. is the nation’s seventh largest newspaper company, with headquarters in Denver, CO. MediaNews Group and its affiliated companies publish 50 daily newspapers and 121 non-daily publications in 12 states with daily and Sunday circulation of approximately 2.1 million and 2.4 million, respectively. In addition, MediaNews Group owns a CBS affiliate in Anchorage, Alaska and four radio stations in Texas. MediaNews Group maintains 74 Web sites for its daily newspapers and an umbrella site, newschoice.com.
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