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Gannett acquires York Daily Record

Written by Gary Haber, York Daily Record | Jun 1, 2015 12:00 PM
sara glines 600x340.jpg

Photo by York Daily Record

Sara Glines is the publisher of the York Daily Record/Sunday News. She has served in that position since 2012.

(York) -- Gannett Co., the McLean, Virginia-based publisher of USA TODAY and 81 community newspapers, has acquired the York Daily Record and its website, ydr.com., Gannett said Monday.

The Daily Record, an award-winning media organization whose roots go back to the 1790s, is one of a cluster of newspapers in Pennsylvania, New Mexico and Texas, Gannett is buying from Digital First Media.

The other Pennsylvania newspapers that are part of the deal are the (Hanover) Evening Sun, the Public Opinion in Chambersburg and the Lebanon Daily News.

The York Dispatch, which is in a joint operating agreement with the York Daily Record, is included in the acquisition, according to Daily Record Publisher Sara Glines.

The two newsrooms merged production, circulation and advertising in the 1990 joint operating agreement, creating the York Newspaper Co. The two newsrooms remain independent.

"We are very pleased to welcome these well-respected media organizations to U.S. Community Publishing as we further our efforts to expand our reach as the best local media company in America for consumers and businesses," Robert Dickey, president of Gannett's U.S. Community Publishing division, said in a news release. "There is no media company in America that knows local communities better and with USA TODAY, the company has outstanding national to local scale."

Dickey will also become Gannett's CEO after the media company spins off its broadcast and digital business later this year.

New York-based Digital First said last year it would consider a possible sale of the company. But in May, Digital First, whose newspapers include the San Jose Mercury News and Denver Post, said it determined that selling the company would not be in its shareholders' best interests although it would continue discussions about the possible sale of select media properties.

Digital First Media was formed in 2013 when MediaNews Group, which owned the Daily Record among other papers, combined with 21st Century Media. MediaNews Group acquired the Daily Record in 2004 from Bucker News Alliance.

The other newspapers that are part of the deal are the El Paso Times in Texas and six newspapers in New Mexico -- the Alamagordo Daily News, Las Cruces Sun-News, Silver City Sun-News, the Carlsbad Current-Argus, The Daily Times in Farmington, and Deming Headlight.

The sale is the latest deal in a business in which numerous media properties have changed hands in recent years. Cablevision bought Newsday, the Long Island daily, from Tribune Co. in 2008 for $650 million. Berkshire Hathaway purchased 63 newspapers, including the Richmond Times-Dispatch, from Media General Inc. for $142 million.

In 2014, Tribune bought the Carroll County Times and The Capital in Annapolis creating a cluster of Maryland newspapers centered around The Baltimore Sun.

And In May, Tribune Publishing, publisher of the Chicago Tribune and Los Angeles Times, said it would buy San Diego's largest newspaper, U-T San Diego, in an $85 million deal.

New York-based Digital First said last year it would consider a possible sale of the company. But in May, Digital First, whose newspapers include the San Jose Mercury News and Denver Post, said it determined that selling the company would not be in its shareholders' best interests although it would continue discussions about the possible sale of select media properties.

About Gannett

Headquarters: McLean, Va.

Top executives: Marjorie Magner, chairwoman; Gracia C. Martore, president and CEO.

2014 revenue: $6.01 billion

2014 net income: $1.06 billion

Gannett is a diversified media company that owns television stations, newspapers, Clipper Magazine and digital media including websites CareerBuilder.com and Cars.com. The company owns or services 46 TV stations, It owns non-daily newspapers, USA TODAY and 81 community newspapers including the Arizona Republic, Indianapolis Star and Detroit Free Press.

Gannett plans, later this year, to spin off its newspapers and publishing business into a separate company. The remainder of the company, including Gannett's TV stations and digital media, will be renamed TEGNA.

Source: Yahoo Finance, Gannett Co. SEC filings.

Read a timeline on the York Daily Record here.

Also of interest

York Daily Record/Sunday News wins PAPME awards in 2015

York Daily Record/Sunday News Keystone awards 2015

Q&A: New publisher of the York Daily Record/Sunday News talks about organization's future

Trauma journalism: YDR, Digital First Media embrace peer-support effort at kickoff seminar

Jim McClure: Nine publishers in 97 years for YDR

York Daily Record publisher to retire


This article comes to us through a partnership between York Daily Record and WITF. 

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