Ellwood City Newspaper Sold as Part of $17.5M Deal
YOUNGSTOWN, Ohio – The Ellwood City Ledger in Ellwood City, Pa., and The Beaver County Times in Beaver, Pa., have been sold to New Media Investment Group Inc. of New York as part of a $17.5 million transaction with Calkins Media Inc.
New Media, which does business as GateHouse Media, is also purchasing The Bucks County Courier-Times and The Doylestown Intelligencer in suburban Philadelphia as well as the Burlington County Times in Willingboro, N.J. The transaction also includes the operations of Calkins Digital Group, a press facility and related websites.
Separately, Calkins is selling its Uniontown Herald-Standard in Uniontown, Pa. and the Greene County Messenger, a weekly based in Waynesburg, Pa., to Ogden Newspapers. Ogden’s 40 daily newspapers include the Tribune-Chronicle in Warren; its weekly newspapers the Town Criers published in Mahoning County.
Terms of the Ogden purchase were not disclosed.
Ogden is owned by the Nutting family, which also owns the Pittsburgh Pirates baseball team.
New Media operates 130 daily publications, 650 community publications and more than 555 websites in 36 states.
Calkins Media, based in Philadelphia, is an 80-year-old family business. The transactions are expected to close in 30 days.
Copyright 2017 The Business Journal, Youngstown, Ohio.
Published by The Business Journal, Youngstown, Ohio.
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