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:
158 A Texas newspaper acquired by local public broadcasting. A new trend?
157 Celebrating forty years! USA TODAY’s Nicole Carroll talks about four decades of reporting the news in accessible but innovative ways
156 “He runs one of the largest media operations you’ve never heard about.” Meet Kevin Dilley
155 One-on-one with Chris Stirewalt
154 1-on-1 with I Messenger Media's Cheryl Smith, 2022 NABJ Hall of Fame inductee
153 1-on-1 with Mike Barnicle, a frank discussion on covering a democracy in crisis
152 As Trust in T.V. news & newspapers continue to decline, NewsGuard offers “trust ratings” for over 7,500 websites.
151 LBGTQ+ media exec DJ Doran talks niche publishing & his run for mayor of Chicago
150 A one-on-one with Rick Rogers, now six months in as the Owner/ Publisher of Star Local Media
149 Data is fundamental to The Washington Post's “Unaccountable” series
148 Chicago Sun-Times' new executive editor covers a mass shooting in 1st few weeks
147 Meet the new managing editor of Axios Local, Delano Massey
146 Exploring The Tributary, Jacksonville's new nonprofit news outlet
145 “Abernathy Report" confirms the expansion of "news deserts" & misinformation.
144 Meet Juana Summers, NPR’s new cohost of 'All Things Considered'
143 Hearst Connecticut Media is on track to hit 100k paid subscribers
142 Checking in on The Boston Globe’s move into Rhode Island
141 Meet TV star & columnist: Peter Funt. A “Candid” interview.
140 Meet Francesca Chambers, USA Today’s new White House Correspondent
139 Exploring two centuries of “Clash” between presidents and the press
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