In September of 2021, Cherry Road Media, a Parsippany, New Jersey-based technology company, announced it had acquired 20 newspapers from the Gannett company, bringing their total count of publications owned to 27. Their list of titles now stretches across seven states: Kansas, Arkansas, Nebraska, Iowa, Missouri, Minnesota and Alabama.
Cherry Road CEO Jeremy Gulban stated in a recent press release that "This was his way to give back to local communities by supporting media houses that add so much value to our daily lives but are suffering the brunt of a digital age by losing subscriptions."
In the October 2021 E&P cover story entitled: "Under New Management," Sara April, from Dirks, Van Essen & April, the media merger and acquisition firm that represented Gannett in the sale of the 20 properties to Gulban, described the current mergers-and-acquisition landscape as "dynamic," noting that buyer trends have changed in the past three years. April stated: "Before that, the industry saw a lot of large corporate owners buying newspapers. Then, just a few years later, some of those organizations, including Gannett, are now selling off some of them, especially local titles."
In this 107th episode of "E&P Reports," Publisher Mike Blinder interviews Cherry Road's CEO Jeremy Gulban about why his technology company is "all-in" with newspaper ownership and his plans for managing their 27 local publications. And does his future include more growth in the news publishing industry? Also appearing in this episode is Sara April, from Dirks, Van Essen & April, who talks about the recent sale and offers her perspective on the current mergers & acquisition landscape for both buyers and sellers.
Newspapers owned by Cherry Road Media now include:
60 The LGBTQ+ Reader is Big Business for Aequalitas Media
58 A look at: "Publishing During A Pandemic" a Free Book from Mr. Magazine!
57 Checking-in with Gordon Borrell on State of the Industry
56 Non-Profit, Pure Play Daily Memphian is Making News in Memphis
55 The Future of Local News Media: Hear from Experts
54 Checking-in with the Tampa Bay Times, Now Printing 2 Days a Week
53 Ken Doctor Finally Reveals Lookout Local
52 Survey Asks: “What’s It Like to be a Journalist in 2020?"
51 Chris Hendricks Talks EPPYS with E&P
50 The Local Journalism Sustainability Act Needs Your Help, Now!
49 Small Market Paper Strives to Survive COVID-19
48 Saving the Vindicator!
46 How the Local Journalism Sustainability Act Will Provide Newsroom Tax Credits
47 The Relevance Project Helps Newspapers Boost Their Brand
45 Re-Visiting the Arkansas Democrat-Gazette's Free I-Pad Project
44 Standardizing Sales Packages = Higher Closing Ratios
43 How the Idaho Press Grew Circulation by More Than 40 Percent
42 Borrell’s Revised Ad Forecast Has Some Good News for Newspapers
41 Charleston Post & Courier is Going Statewide
40 New Study Reveals Local Media Leaders’ New Normal Predictions
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