Tuesday, November 30, 2010

Some Iowa Newspapers Were Sold, Probably For Very Little Money

From the Council Bluff Daily Nonpareil:
Stephens Media Iowa LLC on Monday acquired the Ames Tribune, Boone News-Republican, Dallas County News, Nevada Journal, Ames About People & Advertiser, Tri-County Times and Algona Upper Des Moines from Midlands Newspapers Inc, a subsidiary of the Omaha World-Herald Company. A purchase price was not disclosed.

Stephens Media Iowa is a subsidiary of Stephens Media LLC, a nationwide newspaper publisher whose holdings include the Las Vegas Review-Journal and more than 50 other publications from North Carolina to Hawaii.
It couldn't have been much money. Who reads a newspaper in Ames, other than old farts like Michael Gartner?  These publications, other than the mothership Ames Tribune, are little more than local retreads of the same leftovers.

Interestingly, the Tax Update Blog warns that the new owner, Stephens Media, likes to sue bloggers who dare to cut out a couple of paragraphs for Fair Use quoting.  I'm sure Nicholas Johnson would like to have a word with them.

1 comments:

  1. AMEN! I live in Creston and our paper is so thin and full of very little newsworthy items. Then the things they need to cover that are important are totally ignored.

    Newspapers are slowly dying...

    ReplyDelete