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CherryRoad Media to purchase Gannett newspapers in Texas, Oklahoma

CherryRoad Media has agreed to purchase a number of Gannett-owned newspapers in Texas and Oklahoma.

The businesses plan to finalize the deal Feb. 1. Phrases of the sale weren’t disclosed publicly.

Seven enterprise items are included within the sale, representing newspapers and related companies. In Texas, these are newspapers in Sherman, Waxahachie, Stephenville, Brownwood and Alice. In Oklahoma, the Ardmore and Shawnee newspapers will change fingers.

CherryRoad CEO Jeremy Gulban mentioned readers and advertisers will not discover any rapid adjustments.

“The whole lot shall be seamless for the primary month or two, after which we’ll be working to deliver the content material again with extra of a neighborhood aptitude to it, native content material,” he mentioned. “And we’ll even be seeking to deliver a number of the promoting exercise extra native. We wish to deliver as a lot as potential again to the person areas, however that is going to take a pair months to get that carried out.”

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CherryRoad Media has acquired from Gannett earlier than. Earlier gross sales embody 20 newspapers in Kansas, Missouri, Nebraska and Iowa, 4 in Colorado and 7 websites in Minnesota. The corporate picked up one other seven newspapers from particular person house owners and has launched two “from scratch,” Gulban mentioned.

A Gannett spokeswoman mentioned the corporate doesn’t touch upon transactions earlier than they’re closing.

Jeremy Gulban is the CEO of CherryRoad Media.

CherryRoad was already a well-established know-how and IT providers firm earlier than making its first foray into the media enterprise in November 2020. Its imaginative and prescient is to assist bridge the technological divide between small-town newspapers and their bigger metropolitan counterparts.

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“We wish to be a real native supply of reports. But in addition as a know-how firm, we predict we will deliver extra know-how to those smaller papers,” Gulban mentioned.

The 2 brand-new newspapers CherryRoad launched will serve communities that beforehand misplaced their solely supply of native information. The Wet Lake Gazette in Worldwide Falls, Minnesota, changed one other paper that was shuttered by its proprietor.

And in Two Harbors, Minnesota, residents have gone two years and not using a native supply of reports. The brand new Lake County Press is predicted to hit newsstands this week.

Gannett is the dad or mum firm of The Oklahoman.

Workers author Dale Denwalt covers Oklahoma’s financial system and enterprise information for The Oklahoman. Have a narrative concept for Dale? He will be reached at [email protected] or on Twitter at @denwalt. Help Dale’s work and that of different Oklahoman journalists by buying a digital subscription as we speak at subscribe.oklahoman.com.

This text initially appeared on Oklahoman: CherryRoad Media to purchase a number of Gannett newspapers in Texas, Oklahoma

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