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HomeBusinessSherman amongst Gannett newspapers to be bought by CherryRoad Media

Sherman amongst Gannett newspapers to be bought by CherryRoad Media

Sherman-based newspapers are anticipated to vary fingers very quickly. 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 mentioned readers and advertisers will not discover any instant modifications.

“All the pieces will probably be seamless for the primary month or two, after which we’ll be working to convey the content material again with extra of a neighborhood aptitude to it, native content material,” he mentioned. “And we’ll even be seeking to convey a variety of the promoting exercise extra native. We wish to convey as a lot as doable again to the person areas, however that is going to take a pair months to get that performed.”

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 mentioned.

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

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 stories. But in addition as a know-how firm, we predict we will convey further 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 stories. The brand new Lake County Press is predicted to hit newsstands this week.

This text initially appeared on Oklahoman: Sherman amongst Gannett newspapers to be bought by CherryRoad Media


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