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:
218 A new film tells a story of how hedge funds are destroying local journalism.
217 The future of “big tech” compensation, now that Google's $100 million deal with Canada is law
216 Shannon Kinney’s entrepreneurial advice
215 Ashanti Blaize-Hopkins. A one-on-one with the SPJ’s new president.
214 Marty Baron discusses his new book, his experiences at The Post and his views on news media today
213 Unpacking the Medill "State of Local News" report
212 A 16-year-old launches a news site that is out-reporting the local Gannett "ghost paper."
211 An email cry for help saves this 138-year-old newspaper from extinction
210 Ryan Dohrn’s “ad sales punch list” to maximize revenue into 2024.
209 Small North Carolina community is now a two-newspaper town.
208 Branding is back: The latest Borrell study un-packed.
207 Checking in with the Chicago Sun-Times/ Public Media merger.
206 Community leaders speak frankly about losing their local paper and having a new publication start within 30 days.
205 A mission is to transform global news coverage by recruiting, training and then employing women journalists world-wide.
204 Arizona's newspaper and broadcast associations merge into Arizona Media Association.
203 A reluctant witness for Google’s antitrust defense. One-on-One with, Kenny Katzgrau
202 One-on-one with industry veteran John Ellis
201 Exploring NOLA Advocate’s digital-only Shreveport expansion into a Gannett market that still prints six days a week.
200 The USA TODAY Best-Selling Books List is back. Meet the new editor, Barbara VanDenburgh.
199 Meet The Washington Post’s new GenZ voice - Renee Yaseen
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