Oahu Publications Acquires Honolulu Advertiser and Related Assets
McLEAN, VA – Gannett Co., Inc. (NYSE: GCI) announced today that it has completed the sale of The Honolulu Advertiser and related assets including web site, non-daily publications, 101 Things to Do, Inc., and Gannett’s interest in Hawaii.com to Oahu Publications, Inc. (OPI). Financial terms were not disclosed.
OPI is a private company that owns and publishes the Honolulu Star-Bulletin daily newspaper, Midweek and other weekly newspapers and magazines. OPI also manages Internet sites and is engaged in commercial printing.
Gannett Co., Inc. (NYSE: GCI) is an international news and information company operating on multiple platforms including the Internet, mobile, newspapers, magazines and TV stations. Gannett is an Internet leader with hundreds of newspaper and TV Web sites; CareerBuilder.com, the nation’s top employment site; USATODAY.com; and more than 80 local MomsLikeMe.com sites. Gannett publishes 82 daily U.S. newspapers, including USA TODAY, the nation’s largest-selling daily newspaper, and more than 650 magazines and other non-dailies including USA WEEKEND. Gannett also operates 23 television stations in 19 U.S. markets. Gannett subsidiary Newsquest is the United Kingdom’s second largest regional newspaper company with 17 daily paid-for titles, more than 200 weekly newspapers, magazines and trade publications, and a network of Web sites.
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