Since then, it’s expanded rapidly into the nation’s second-largest newspaper chain, after Gannett. The company emerged from a $1.2 billion bankruptcy in 2013 and has since been recapitalized by a private equity firm. “They have a very large copy editing and layout center in Austin, Texas, that does all of their papers,” Edmonds said. GateHouse now owns more than 130 newspapers in mostly small- and mid-sized markets, more than any other chain and finds ways to consolidate its holdings for efficiency. “Even the language of the press release sort of follows the story line that’s been developing, which is that it’s harder and harder for either individual papers or smaller chains to stay competitive.” “I think we’re in a period of quite a lot of consolidation,” media analyst Rick Edmonds of the Poynter Institute said. The off-loading of 11 newspapers by the family-owned Morris chain is part of an industry-wide trend.
“They’re in 36 states, so it’s a great opportunity for us.” “GateHouse was a really good fit and it’s a great opportunity for these newspapers to also become part of a larger newspaper company,” McKenzie said. The Kenai-based executive said she’s been told she’ll be kept on by the new company and that the Morris family had been looking at selling the newspapers for about a year. 2 and after that we’ll know a lot more, so for now it’s really business as usual,” publisher Deedie McKenzie said. They also bought the Peninsula Clarion in 1990. The Juneau Empire has been owned by the Georgia-based Morris family since 1969. “The GateHouse people are visiting the Morris properties today and tomorrow and they’ll come down to Kenai and Homer and we’ll find out more from them.” Armstrong has been with the newspaper since 1999.
And they referred us, they referred me to a press release on the Morris website,” Homer News editor Michael Armstrong said. “I got an email from corporate, from Morris announcing it. The upstate New York-based chain is one of the fastest growing media companies in the country. Newsrooms learned about the sale of their papers to GateHouse Media early Wednesday morning. The Juneau Empire, Peninsula Clarion in Kenai and weekly Homer News are among 11 papers being sold by Morris Communications to GateHouse Media for a reported $120 million. Its building was not included in the sale to GateHouse Media and will be retained by the Morris family. The Juneau Empire is located at 3100 Channel Drive.
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