These are extremely well run newspapers with good people on board and they fit tremendously well with our acquisition strategy."Īfter this sale, Ottaway will publish 15 dail over 30 weekly newspapers in 10 states. Reed, president and CEO of CNHI said: "We are very pleased to have the opportunity to add these four newspapers to the CNHI family. "In fact, Ottaway would like to acquire more newspapers that serve a vibrant market like ours," he said.Ĭommunity Newspaper Holdings Inc., formed in 1997, is the parent company for daily, weekl semiweekly newspapers published in more than 200 communities throughout the United States. Peter Meyer, president and publisher of the Cape Cod Times, said the newspaper "is one of Ottaway's strongest properties and is not part of this strategic realignment." "I am very pleased that Community Newspapers will be the successor owner and publisher of these newspapers because it is led by real newspaper people who emphasize local news and public service and will protect the local independence of each newspaper," Ottaway said. Ottaway Jr., chairman of the board of ONI, said. "After a review of all Ottaway newspaper locations, we have decided to focus our future growth outside of these markets and to aggressively pursue newspaper acquisitions in other regions of the country," James H.
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(circulation 20,700), and The Free Press in Mankato, Minn. (circulation 20,600), The Daily Independent in Ashland, Ky. (daily circulation 31,700), The Herald in Sharon, Pa. Closing of the sale is expected by March 29. Ottaway Newspapers Inc., the Cape Cod Times' parent company, has agreed to sell four newspapers to Community Newspaper Holdings Inc.
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