fergus falls paper sold to Wick communications
Boone Newspapers has sold The Fergus Falls Daily Journal (Minnesota) to Wick Communications, according to John Cribb of newspaper and publication brokerage Cribb, Greene & Cope, who represented the Boone family in the sale.
“Wick is very grateful to have been provided the opportunity to carry on the important and meaningful work of The Daily Journal,” said Francis Wick, president and CEO of Wick Communications.
“We believe a community's relationship with its newspaper is an essential part of maintaining a healthy and well-informed citizenry."
Wick Communications is a family-owned community media company with newspapers, websites, magazines, and specialty publications in 10 states. The home office is in Sierra Vista, Arizona. Wick publishes newspapers in Arizona, Alaska, Colorado, Idaho, Louisiana, Montana, North Dakota, Oregon, South Dakota and Washington.
Ken Harty has been named publisher of the paper, the paper reported. Harty is group publisher for Wick.
future Media buys W from conde Nast
Future Media Group has bought W Magazine from Conde Nast. The purchase will bring W together with Surface (covering global design, architecture, art, fashion and culture) and Watch Journal (fine watches) to form Future Media Group. The group will continue to publish eight print issues of W annually while also expanding the brand's digital and experiential footprint, according to a Future Media news release.
“W has always been an extraordinary and visionary arbiter of style. For over 45 years, its pages have been filled with indelible imagery and exciting journalism,” said Marc Lotenberg, CEO of Future Media Group. “We look forward to honoring and building on that legacy. We know that W will serve as a perfect complement to the publications already in our portfolio.”
Editor-in-chief Stefano Tonchi is replaced by Sara Moonves, Future Media announced. Tonchi has filed a breach of contract suit against Conde parent Advance Publications, saying he was terminated wrongfully, WWD reported.
A spokesman for Conde dubbed Tonchi’s claims “patently false,” WWD reported.
Moonves, who previously worked at Vogue and at T: The New York Times Style Magazine, joined the staff of W as style director in 2017.
Future Media Group will operate W offices in Paris, Milan, New York and Los Angeles.
W was purchased by Conde Nast from The Walt Disney Company in 1999.
Billionaire buys Texas Monthly
Texas Monthly has been bought by Texas Monthly LLC, a new affiliate of Enterprise Products Company (EPCO), a privately held firm, the magazine reports.
Randa Duncan Williams is chair of Texas Monthly LLC and EPCO. Forbes puts her estimated net worth at more than $6 billion. Williams’ father is the late oil billionaire Dan Duncan, founder of Houston-based Enterprise Products Partners.
The purchase comes less than three years after the magazine was sold to Genesis Park, a Houston-based private equity firm founded by Paul Hobby, whose father was a Texas lieutenant governor and whose grandfather was the state’s governor.
“I have been an avid Texas Monthly reader since I was a teenager,” Williams said in a statement.
“She wants to own it forever,” said Texas Monthly president Scott Brown.
skiatook Journal relocating to Owasso
The Skiatook Journal (Oklahoma) office will be closing its location at 5265 W. Rogers in Skiatook and relocating to Owasso, the paper reports.
The weekly Journal will be based in the Owasso Reporter office, at 202 E. 2nd Avenue in Owasso.
BH Media Group purchased the Skiatook Journal and six other newspapers from Community Publishers in 2015. Two of those papers shut down and two have combined into one publication. Currently BH Media owns the Owasso Reporter, Sand Springs Leader and Wagoner County American-Tribune, according to the Skiatook Journal.
BH Media’s Tulsa World handles printing, circulation and advertising services for the Skiatook Journal and the other papers, according to the Skiatook Journal.
Johnson Newspapers to close papers,
launches new site
Johnson Newspapers has announced some change to its papers, the Watertown Daily Times reported.
The company is closing the Ogdensburg Journal, the St. Lawrence Plaindealer, the Carthage Republican Tribune and the South JeffJournal. All are bi-weekly or weekly publications in New York state.
Also, CEO John B. Johnson has informed staff that June 24 will be the last print edition of the Monday Watertown Daily Times, the paper reported. Going forward, the paper will be in print Tuesday to Sunday and online seven days a week.
The Watertown Daily Times has launched a new subscription-based, regional website, called NNY360, that will include coverage from Jefferson, St. Lawrence, Lewis and Oswego Counties, the paper said.
In the restructuring, the company has cut jobs that were centered on print, the paper said. The paper didn’t say how many jobs were cut.
Moment takes on forward’s print subscribers
Independent Jewish magazine Moment will be fulfilling the print subscriptions of The Forward’s readers starting with Moment’s summer issue, bringing Moment’s total readership to 75,000, Moment announced.
The Forward announced in January that it would be ending its print edition that went to 16,000 subscribers. The Forward published its final print edition in April/May 2019.
Moment has published since 1975, when the magazine was founded by Elie Wiesel and Leonard Fein. “We welcome The Forward’s print subscribers,” says Nadine Epstein, Moment editor-in-chief and CEO, “and are grateful that when so many media outlets are facing financial challenges, we can partner with The Forward to serve their print readers.”
“Moment remains dedicated to print,” says Epstein. “People of all ages still love the feeling of holding a magazine in their hands. And studies have shown that reading the printed word on paper is critical to information retention. Plus it strengthens civil discourse — readers have more time to consider what they are reading.”
As part of its print expansion, this year Moment launched its own publishing imprint, MomentBooks, in partnership with Mandel Vilar Press.
adams Publishing buys Bliss papers;
Big Radio acquires stations
Adams Publishing Group is purchasing Bliss Communications’ two dailies, The Gazette in Janesville and The EagleHerald in Marinette (Wisconsin), along with weeklies The Janesville Messenger, The Wisconsin/Illinois Stateline News and Walworth County Sunday, The Gazette reported.
The final transaction was expected to take place in mid-June. Terms of the deal were not disclosed.
“We are very excited to have the Bliss newspapers join the Adams family of newspapers," said Mark Adams, Adams Publishing Group CEO. "The communities served by Bliss are exactly the type of cities and counties that we look for as we continue to expand our company, and each of these markets fits well with other publishing properties we own in the great state of Wisconsin.”
Adams Publishing Group has 30 daily papers, more than 100 non-dailies and other entities in 20 states.
Bliss is selling its radio stations, WCLO and WJVL, to Ben Thompson, CEO of Big Radio, The Gazette reported. Thompson is part of a father/son team running eight radio stations from Janesville, Wisconsin.
adams buys Wisconsin paper
Adams Publishing Group has bought The Greater Beloit Publishing Company (Wisconsin), owner of the Beloit Daily News, Weekend Daily News and My Stateline Shopper, the Daily News reported.
Minneapolis-based APG bought the publications from Idaho-based Hagadone Newspapers.
In the sale are the Stateline Business Journal and Beloit Publishing Company’s Midwest digital business, the paper reported.
Terms of the deal weren’t disclosed.
Adams Publishing Group owns 30 daily papers and more than 100 weeklies in 20 states. The Adams family runs a wine distribution business, radio stations, outdoor advertising, Gander Outdoors, Camping World and Good Sam Club, the paper says.
Hagadone has 14 daily and weeklies in Washington, Idaho and Montana. Hagadone owns a number of business journals and niche publications as well, the paper said.
franklin sells publishing business to Johnson family
Tim Franklin’s group of northern Minnesota print and digital news publications are now part of neighboring Northstar Media, a company owned by Gene and Carter Johnson.
Titles sold include The Pine County Courier in Sandstone, Askov American, Hinckley News, Star Gazette in Moose Lake, the Evergreen shopper, Minnesota Flyer aviation magazine as well as related web and mobile sites, events and niche products.
Terms of the sale were not disclosed.
“I am blessed to find another family owner to continue to provide news and advertising to our longtime readers,” said Tim Franklin.
Franklin will be staying on for a few months to help with the transition. “We’re planning to recruit a group publisher as we join Tim’s operations with our Northstar Media and Kanabec Publications divisions,” said CEO Matt McMillan. “In the meantime, we’re pleased Tim’s agreed to stay on this summer.”
Northstar Media and Kanabec Publications include the Isanti-Chisago County Star, Pine City Pioneer, Kanabec County Times as well as a printing facility in Cambridge.
The Johnsons also own a suburban group based out of White Bear Lake (Minnesota), a group of Wisconsin publications and ownership in Publishers Printing, a central plant in Amery (Wisconsin).
authentic Brands Group buys sports illustrated
Authentic Brands Group, a brand development, marketing and entertainment company, has bought the intellectual property of Sports Illustrated from Meredith.
“We are honored to welcome Sports Illustrated to theABG family,” said Jamie Salter, founder, chairman and CEO of ABG. “As one of the most iconic brands in sports media, SI is a cultural centerpiece with massive opportunities for growth across its burgeoning digital, TV and social platforms and industry-leading print magazine. SI's trusted name and fiercely devoted following set the stage for the brand to become a leader in lifestyle and entertainment.”
ABG is taking over the marketing, business development and licensing functions for the Sports Illustrated intellectual property and brand, while the print magazine and SI.com will maintain editorial independence and continue to operate under the leadership of Meredith and Editor-in-Chief Chris Stone and Publisher Danny Lee.
In a memo to staff, Stone wrote that the magazine aims to capture larger audiences on other platforms, including video games, live events and gambling, NPR reported.
Meredith acquired Sports Illustrated as part of its purchase of Time Inc. in late 2018. Shortly thereafter, Meredith announced it was selling certain Time news and sports brands. Married couple Marc Benioff, a Salesforce co-founder, and Lynne Benioff bought Time. Entrepreneur Chatchaval Jiaravanon bought Fortune magazine.
GateHouse merging 50 Massachusetts weeklies into 18
GateHouse Media planned to merge 50 of its weekly newspapers in Massachusetts into 18, according to an inside memo posted online, masslive.com reported.
The move was set to start the first week of June, the memo said. Dan Kennedy, a professor at Northeastern University and a blogger for Media Nation, posted the memo.
“In many cases, the new title retains the original publication name. For example, The Tewksbury Advocate and the Wilmington Advocate will become The Tewksbury-Wilmington Advocate covering Tewksbury and Wilmington,” the memo said.
The memo said GateHouse was not decreasing the number of communities it serves or reducing the amount of local news coverage readers receive. The memo provided a list of the papers affected.
Paxton buys papers from sandusky, GateHouse
Paxton Media Group has bought The Grand Haven Tribune (Michigan) and the Lebanon Democrat (Tennessee) from Sandusky Newspapers, the Tribune reported.
Family-owned Paxton Media is headquartered in Paducah, Kentucky. Paxton publishes daily and weekly newspapers in more than 50 communities in the Midwest and South.
Terms of the deal were not disclosed.
“This business combination provides the financial security needed to assure The Grand Haven Tribune will continue to serve its community long into the future,” said David Paxton, president and chief executive officer of Paxton Media Group.
The sale also includes weeklies in Mt. Juliet and Hartsville, Tennessee.
Paxton has also boughtThe Log Cabin Democrat in Conway, Arkansas, from GateHouse, according to Arkansas Business.