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 models 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 stated readers and advertisers will not discover any speedy modifications.
“Every part will likely be seamless for the primary month or two, after which we’ll be working to deliver the content material again with extra of an area aptitude to it, native content material,” he stated. “And we’ll even be seeking to deliver numerous the promoting exercise extra native. We wish to deliver as a lot as attainable again to the person areas, however that is going to take a pair months to get that finished.”
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CherryRoad Media has acquired from Gannett earlier than. Earlier gross sales embrace 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 homeowners and has launched two “from scratch,” Gulban stated.
A Gannett spokeswoman stated the corporate doesn’t touch upon transactions earlier than they’re last.
CherryRoad was already a well-established expertise 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.
“We wish to be a real native supply of stories. But additionally as a expertise firm, we expect we are able to deliver extra expertise to those smaller papers,” Gulban stated.
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 with no native supply of stories. The brand new Lake County Press is predicted to hit newsstands this week.
Gannett is the mother or father firm of The Oklahoman.
Employees author Dale Denwalt covers Oklahoma’s economic system and enterprise information for The Oklahoman. Have a narrative thought for Dale? He might 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 right this moment at subscribe.oklahoman.com.
This text initially appeared on Oklahoman: CherryRoad Media to purchase a number of Gannett newspapers in Texas, Oklahoma