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:
119 Auto ad dollars are up for grabs, per Borrell's latest study
118 Reporters share insights into reporting on January 6th attack and domestic extremism
117 6AM City takes a bold move into the digital news future
116 A preview of Borrell Miami
115 An update on the antitrust case against Google & Facebook
114 A home page with over 100 ads
113 States starve publishers of ad dollars if they refuse to pledge political allegiance
112 Alden Global Capital's bid for Lee Enterpises, what the heck does it mean?
111 TV Sales Expert, Jim Doyle's book, "Selling with a Servant Heart"
110 Urgent and Sustained Advocacy Needed for the LJSA
109 From TV network news producer to editor of 90 local, online only news sites
108 Fighting for a Native American free press
107 Prognostications, predictions and prophecies from industry execs
105 Behind Raw Story’s Progressive Mission
104 Fighting PIO chokepoints
103 Word in Black: Helping the Black Press Survive & Thrive
102 One File Helps Distinguish Between Real & Fake News
101 Radically Rural: Focusing on small-town America
100 What You Need to Know About Launching a News Website
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