CherryRoad Media Acquires 20 Gannett Newspapers in Four States | national
PARSIPPANY, NJ – CherryRoad Media Inc. announced last year that it has signed a definitive agreement to acquire 20 newspapers from Gannett Co., Inc. The newspapers, which include five dailies, are published in Kansas, Nebraska, Iowa and Missouri. .
Dirks, Van Essen & April, a media merger and acquisition company based in Santa Fe, New Mexico, represented Gannett in the transaction. The terms were not disclosed.
This is the largest acquisition to date for CherryRoad Media, which entered the newspaper industry in late 2020 with the purchase of the weekly Cook County (MN) News-Herald. It has since acquired four titles in Arkansas, one in Alabama, and launched the Rainy Lake Gazette in International Falls, Minnesota in July.
CherryRoad Media is a wholly owned subsidiary of CherryRoad Technologies, a technology company based in Parsippany, New Jersey that has been in existence since 1983. CherryRoad provides complex technical solutions and system integration services to large corporate clients, in particular to national and local government entities. CEO Jeremy Gulban said the company decided late last year to look into the local newspaper industry because it felt there was a need for a technology infusion of a favorable side as opposed to a competitive side.
“We are very pleased to be working with such a talented group of people to serve these communities in the future,” said Jeremy Gulban, CEO of CherryRoad Media and CherryRoad Technologies. “We plan to re-emphasize local news and offer additional digital solutions to complement print newspapers. I would like to thank the Gannett team for working with us to find a good home for these important community institutions.
The newspapers acquired include the following titles:
• Grandstand Pratt (KS)
• Kiowa County Signal (KS)
• Penny Hiawatha Press (KS)
• Butler County Times-Gazette (KS)
• McPherson (KS) Sentinel
• The Times of Leavenworth (KS)
• Wellington Daily News (KS)
• Dodge City Daily Globe (KS)
• Newton (KS) Kansan
• Garden City Telegram (KS)
• News from Saint-Jean (KS)
• Daily News from Hays (KS)
• Ottawa (KS) Herald
• Newspaper of the city of Nebraska (NE)
• Syracuse Democratic Journal (NE)
• Reporter in Hamburg (IA)
• Independence Examiner (MO)
• Chillicothe (MO) Constitution-Tribune
• Daily News from Boonville (MO)
• Chief of Linn County (MO)
In Montana, Gannett Co., Inc. owns The Great Falls Tribune.