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:
138 The trilingual La Gaceta: News, politics and opinion, all rolled into one.
137 Merger of News Media Alliance (NMA) and The Association of Magazine Media (MPA) is a go!
136 Stewart Bainum’s journey to launch the Baltimore Banner
135 Deep-fake videos make people doubt what they see with their own eyes
134 Latest Borrell study shows OTT on the rise surpassing search in 3-years.
133 ARPA Funding gives 150 Businesses Access to Advertise with the R-J
132 Meet Ben August, the new owner of NYC’s voice of labor, The Chief.
131 This 108-year-old Alaskan newspaper is free for the taking.
130 News vets exit the daily to start a growing nonprofit
129 Florida's public notice reversal. A panel discussion
128 Florida reverses recently approved legislation requiring public notices on local newspapers
127 One-on-one with columnist Rex Huppke, as war breaks out during his 1st week at USA Today
126 Getting to know the Military Veterans in Journalism
125 100-percent sponsored content. Jed Williams & Dave Arkin’s Check Out DFW
124 Why we need and how to achieve diversity, equity and inclusion
123 When a Texas daily folds, a weekly tabloid explodes.
122 News industry advocates appeal to Congress to pass safe-harbor bill
121 A frank chat with news publishing technology veteran Kurt Jackson
120 American Journalism Project makes good on a promise to fund nonprofit local news
119 Auto ad dollars are up for grabs, per Borrell's latest study
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