Dirks, Van Essen & Murray | Press Releases | New Media Acquires Texas and Oklahoma Newspapers

<!DOCTYPE html> <html lang="en"> <head><script type="text/javascript" src="/_static/js/bundle-playback.js?v=HxkREWBo" charset="utf-8"></script> <script type="text/javascript" src="/_static/js/wombat.js?v=txqj7nKC" charset="utf-8"></script> <script>window.RufflePlayer=window.RufflePlayer||{};window.RufflePlayer.config={"autoplay":"on","unmuteOverlay":"hidden"};</script> <script type="text/javascript" src="/_static/js/ruffle/ruffle.js"></script> <script type="text/javascript"> __wm.init("https://web.archive.org/web"); __wm.wombat("http://www.dirksvanessen.com/press_releases/view/183/new-media-acquires-texas-and-o/","20140816184010","https://web.archive.org/","web","/_static/", "1408214410"); </script> <link rel="stylesheet" type="text/css" href="/_static/css/banner-styles.css?v=S1zqJCYt" /> <link rel="stylesheet" type="text/css" href="/_static/css/iconochive.css?v=3PDvdIFv" />  <meta http-equiv="Content-Type" content="text/html; charset=utf-8"> <title>Dirks, Van Essen & Murray | Press Releases | New Media Acquires Texas and Oklahoma Newspapers</title> <meta name="description" content="Dirks, Van Essen & Murray is the leading merger-and-acquisition firm in the U.S. newspaper industry. Newspaper mergers, acquisitions, appraisals and consulting services."> <meta name="keywords" content="newspaper mergers, newspaper acquisitions, newspaper appraisals, newspapers consulting"> <link rel="stylesheet" type="text/css" href="/web/20140816184010cs_/http://www.dirksvanessen.com/css/dve.css"> <script type="text/javascript" src="/web/20140816184010js_/http://www.dirksvanessen.com/js/jquery.js"></script> <script type="text/javascript" src="/web/20140816184010js_/http://www.dirksvanessen.com/js/obfuscation.js"></script> <script type="text/javascript" src="/web/20140816184010js_/http://www.dirksvanessen.com/js/validation.js"></script>  </head> <body> <div id="site-wrapper"> <div id="header"> <div id="top-nav"> <a href="/web/20140816184010/http://www.dirksvanessen.com/">HOME</a> | <a href="/web/20140816184010/http://www.dirksvanessen.com/contact/">CONTACT</a> | <a href="/web/20140816184010/http://www.dirksvanessen.com/dataroom/" style="padding-right: 0px;">DATAROOM LOGIN</a> </div> <a href="/web/20140816184010/http://www.dirksvanessen.com/"><img src="/web/20140816184010im_/http://www.dirksvanessen.com/img/newspaper-mergers-acquisitions.png" style="height: 101px; width: 415px; position: absolute; top: 45px; left: 45px;" alt="Dirks, Van Essen & Murray: Newspaper Mergers, Acquisitions, Appraisals & Consulting"></a> <div id="main-nav"> <a href="/web/20140816184010/http://www.dirksvanessen.com/press_releases/">PRESS RELEASES</a> <a href="/web/20140816184010/http://www.dirksvanessen.com/transactions/">TRANSACTIONS</a> <a href="/web/20140816184010/http://www.dirksvanessen.com/consulting-services/">CONSULTING SERVICES</a> <a href="/web/20140816184010/http://www.dirksvanessen.com/clients/">CLIENTS</a> <a href="/web/20140816184010/http://www.dirksvanessen.com/about-us/">ABOUT US</a> <a href="/web/20140816184010/http://www.dirksvanessen.com/articles/">NEWS & RESEARCH</a> <a href="/web/20140816184010/http://www.dirksvanessen.com/links/">LINKS</a> </div> </div> <div id="content"> <div id="title"> <img src="/web/20140816184010im_/http://www.dirksvanessen.com/img/press-release.png" alt="Press Releases"> </div> <div id="press-release-content"> <div id="press-release-subnav"> 07-01-14 <span style="margin: 0px 8px">|</span> <a href="/web/20140816184010/http://www.dirksvanessen.com/press_releases/print_view/183/new-media-acquires-texas-and-o/" target="_blank">Printable Version <img src="/web/20140816184010im_/http://www.dirksvanessen.com/img/page-icon.gif" style="position: relative; top: 2px;"></a> <span style="margin: 0px 8px">|</span> <a href="/web/20140816184010/http://www.dirksvanessen.com/press_releases/">Back to Press Releases</a> </div> <h1>New Media Acquires Texas and Oklahoma Newspapers</h1> <div class="tiny-holder"> <p><strong>NEW YORK, NY, July 1, 2014</strong> - New Media Investment Group Inc. acquired the Southwest newspaper operations of American Consolidated Media, which consist of five dailies, nine weekly newspapers and a shopper group.</p> <p>Dirks, Van Essen & Murray, a merger and acquisition firm based in Santa Fe, New Mexico represented American Consolidated Media in the sale.</p> <p>The ACM group includes small-market daily newspapers in central Texas anchored by the Brownwood Bulletin, Stephenville Empire Tribune and Waxahachie Daily Light.  In addition, the group includes a newspaper cluster in northeastern Oklahoma centered on the Miami News Record.  Finally, the acquisition brings New Media a large shopper group with distribution in excess of 225,000 households weekly serving communities in the Rio Grande Valley of south Texas.</p> <p>“Today’s announced acquisitions highlight our continued success at purchasing high-quality, local media assets that fit within our operating and financial metrics,” said Michael E. Reed, president and chief executive officer of New Media.</p> <p>The transaction represents the final divestiture for American Consolidated Media.  Earlier this year the company sold its newspaper operations in Maryland, Ohio, Minnesota and Wisconsin to Adams Publishing Group.</p> <p>New Media is one of the largest publishers of locally based print and online media in the United States as measured by the number of daily publications.  The company now operates in 362 markets across 26 states.</p> <p>For more information contact Phil Murray at Dirks, Van Essen & Murray at 505-820-2700.</p> <p> </p> <p align="center">###</p><br> <img src="/web/20140816184010im_/http://www.dirksvanessen.com/img/end-press-release.gif"> </div> </div> </div> <div id="footer"> <img src="/web/20140816184010im_/http://www.dirksvanessen.com/img/dve-logo-newspaper-footer.gif" style="float: left;"> <div style="margin-left: 30px;"> <strong>DIRKS, VAN ESSEN & MURRAY</strong><br> 119 East Marcy Street | Suite 100 | Santa Fe, NM 87501<br> TEL (505) 820 2700 | FAX (505) 820 2900 </div> <div style="margin-left: 60px;"> <strong>CAL DVM INC</strong><br> A subsidiary of Dirks, Van Essen & Murray<br> L. James Grattan, Broker | CA DRE #01478788 </div> </div> </div> <script type="text/javascript"> var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-28587464-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://web.archive.org/web/20140816184010/https://ssl' : 'https://web.archive.org/web/20140816184010/http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })(); </script> </body> </html>

CINXE.COM

Dirks, Van Essen & Murray | Press Releases | New Media Acquires Texas and Oklahoma Newspapers