Who's behind the news?
Who's behind the news?
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Use of DataCarpenter Media Group (CMG) and CNHI, LLC announced May 23, 2024, they have reached a preliminary agreement for CMG to acquire 10 newspapers spread across Alabama, Georgia, and Mississippi, as well as a print facility in Valdosta, Georgia. Media merger and acquisition firm, Dirks, Van Essen & April, based inSanta Fe, is representing CNHI. Terms were not disclosed.
The acquired titles include The Meridian Star, Dalton Daily Citizen, Milledgeville Union-Recorder, Valdosta Daily Times, Moultrie Observer, Thomasville Times-Enterprise, Tifton Gazette, Athens News Courier, Cullman Times, and the St. Clair News Aegis.
CNHI’s President and CEO, Donna Barrett, said, “It has been our honor to have these newspapers as part of CNHI…We know their good work will continue under Carpenter Media Group.” Barrett added that newspapers are the heartbeat of local life and that CNHI remains strongly committed to community news. She continued, “We believe in local journalism and will continue serving that critical role in CNHI newspapers in 18 states.”
CMG chairman, Todd Carpenter said, “We are pleased to succeed CNHI in ownership and responsibility for these institutions and the communities they serve,” adding, “We have deep appreciation and respect for the leadership provided by Donna Barrett and her team, and we will work hard to build on the good foundations they put down in each place.” Prior to chairing CMG, Carpenter was longtime CEO and director of Boone Newsmedia, Inc. (BNI) which, including CMG’s holdings along with its own, managed 85 newspaper titles, various magazines, websites and other businesses in 12 states. After separating CMG holdings last year from BNI and recent acquisitions, CMG now owns and manages over 160 US and Canadian titles.
