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MediaNews Group, based in Denver, Colorado, is one of the largest newspaper companies in the United States. It is privately owned and operates 40 daily newspapers in 9 states with combined daily and Sunday circulation of approximately 1.7 million and 2.3 million, respectively. The company also owns KTVA, a CBS affiliate in Anchorage, and radio stations in Texas.

As of July 2005, the company's chief executive officer and vice chairman is William Dean Singleton. The president is Jody Lodovic. Gerald Grilly is executive vice president and chief operating officer.

This chain is not associated with the similar-sounding Media General.

HistoryEdit

MediaNews Group was founded in 1983.

In August 2006 the company acquired around $350 million in loans to purchase four newspapers from McClatchy Company. Among those providing the loan was the Bill and Melinda Gates Foundation.[1] The loan was mostly used to help pay for the acquisition of San Jose and Contra Costa newspapers (and some smaller papers), which accumulated to roughly $737 million in total.

New England Newspapers Edit

In 1995 MediaNews made its first foray into the U.S. Northeast, purchasing the Berkshire Eagle and associated newspapers, including the Vermont dailies Brattleboro Reformer and Bennington Banner[2] and Connecticut daily Middletown Press, the last of which it sold soon after to Journal Register Company.[3]

In the next two years, MediaNews expanded its footprint across Massachusetts' northern tier with its purchases of the North Adams Transcript (1996), Fitchburg Sentinel & Enterprise (1997)[4] and Lowell Sun (also in 1997).[5] MediaNews also purchased the Connecticut Post in 2000, paying $203 million.[6]

Corporate CultureEdit

MediaNews Group is known as a cost-cutter in the newspaper publishing industry. The company has a reputation for buying smaller daily newspapers in a single area (examples include Los Angeles and San Francisco Bay Area) and consolidating its operations, including sharing staff writers and printing facilities. As a result of the cost-cutting, according to an article in the LA Times,[7] some former employees say that the newspapers are focused on making a profit to the detriment of good journalism.

On the other hand, Singleton is quick to point out that MediaNews is committed to print journalism, not diversification into other media. Berkshire Eagle editor David E. Scribner, two years after MediaNews bought his newspaper, said the staff respected Singleton despite layoffs because of his hands-on leadership and "traditional emphasis on good writing."[8]

NewspapersEdit

ReferencesEdit

  1. "Gates Foundation makes MediaNews loan", Toronto Star. August 22, 2006.
  2. Elfland, Mike. "Sentinel & Enterprise Sale Set," Worcester (Mass.) Telegram & Gazette, January 8, 1997.
  3. "Business Briefs," Union-News (Springfield, Mass.), August 26, 1995
  4. Elfland, op. cit.
  5. "Lowell Paper Sold," Worcester (Mass.) Telegram & Gazette, July 9, 1997.
  6. Gatlin, Greg. "MediaNews Drops Bid." Boston Herald, August 9, 2000.
  7. Menn, Joseph. There Are Two Sides to This Publisher's Story. Los Angeles Times. March 22, 2006.
  8. Elfland, op. cit.

External linksEdit

Credit and categoriesEdit

Smallwikipedialogo.png This page uses content from Wikipedia. The original article was at {{{Media News}}}. The list of authors can be seen in the page history. As with Journawiki, the text of Wikipedia is available under the GNU Free Documentation License.

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