CNHI to acquire 6 dailies from Dow Jones

BIRMINGHAM, Ala. – Community Newspaper Holdings Inc., a leading local news and information company, announced today it has agreed to buy six daily newspapers from Ottaway Newspapers Inc., the community newspaper group of Dow Jones & Company.

The purchase will grow CNHI daily newspaper ownership from 88 to 94 across the country, with internet Web operations linked to all sites. The company also owns 49 non-daily papers, numerous specialty publications, three television stations and a news service.

The six dailies to be acquired are the News-Times of Danbury, Conn.; the Daily Star of Oneonta, N.Y.; the Press-Republican of Plattsburgh, N.Y.; the Daily Item of Sunbury, Pa.; the Santa Cruz, Calif., Sentinel, and the Traverse City, Mich., Record-Eagle. They have a combined daily circulation of 140,153 and a combined Sunday circulation of 141,053. The Oneonta Daily Star does not publish a Sunday edition.

“These papers fit the circulation, revenue and community content profile of the type of publications we have acquired in recent years,” said Donna Barrett, CNHI’s president and chief operating officer. “We are focused on newspapers that have a strong history of serving their communities with comprehensive local news and information – and then building on that commitment.

“Each of these papers meets that quality standard, and thus we are delighted to have them join the CNHI team. Not only are they respected in our industry for their quality, they are also noted for being well run businesses, which speaks highly of Ottaway and its management,” Barrett said.

CNHI, a privately-owned company, was founded in 1997, and has grown steadily to become one of the nation’s largest publishers of community newspapers, Web sites and niche publications.