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:
199 Meet The Washington Post’s new GenZ voice - Renee Yaseen
198 The new Community News and Small Business Support Act
197 Insights into maximizing digital ad revenue — one-on-one with Brock Berry.
196 One-on-one with News Media Canada's Paul Deegan as their country's battle with Big Tech heats up.`
195 Borrell’s latest survey: Ad spend to rise with newspapers hanging in there
194 A quick audit of the top issues facing Danielle Coffey, now 3-weeks in as the new CEO of the News/Media Alliance
193 Gannett CEO Mike Reed on Google antitrust lawsuit
192 One-on-one with Peter Bhatia, CEO of the new nonprofit, free-access Houston Landing
191 NewsGuild President Jon Schleuss on TNG-CWA’s “most active year” of strikes and walkouts
190 One-on-one with the outspoken Evan Brandt, the last reporter left at The Mercury
189 Ballantine enters a Gannett “ghost paper” town, starting a five-day-a-week free, printed tabloid
188 The NPPA’s Mickey Osterreicher. Helping both the police & journalists understand the 1st Amendment.
187 The new MaineJF: Fighting to keep Maine news media pristine and hedge-fund free.
186 A one-on-one with Trust Project CEO Sally Lehrman
185 Guy Tasaka’s takeaways for news publishers from the NAB
184 Philanthropy and local journalism, as seen through the eyes of the giving community
183 Covering multiple major stories simultaneously. One month in the life of the Nashville Tennessean
182 Exploring Ogdensburg, NY’s two years as a 'news desert' and how the community rallied to bring back its voice
181 The Charleston Post and Courier: Committed to statewide coverage one market at a time
180 Two embedded journalists are making an impact thanks to the JFP
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