Local Media Group
|Headquarters||Middletown, New York
|Products||Daily and weekly newspapers|
|Parent||Newcastle Investment Corp.|
Local Media Group, Inc., formerly Dow Jones Local Media Group and Ottaway Newspapers Inc., is a subsidiary of Newcastle Investment Corp. and owns newspapers, Web sites and niche publications in California, Maine, Massachusetts, New Hampshire, New York, Oregon and Pennsylvania. It is headquartered in Middletown, New York, and its flagship is the Times Herald-Record. GateHouse Media, an affiliates of Fortress Investment Group along with Newcastle, is the managing partner of these outlets.
The Ottaway organization was founded in by James H. Ottaway Sr., owner of the Endicott Daily Bulletin of Endicott, NY, in 1936. It had grown to nine newspapers in the northeastern United States by 1970, when it was acquired by Dow Jones & Company, publisher of The Wall Street Journal, and later a subsidiary of Rupert Murdoch's News Corporation. Following its split into 21st Century Fox and News Corp, the company sold the Dow Jones Local Media Group to Newcastle Investment Corp., an affiliate of Fortress Investment Group.
James H. Ottaway, Sr., founded the company in November 1936, when he purchased the Bulletin, a semi-weekly paper in Endicott, New York, that he converted to a daily within a year. Ottaway added the Oneonta Star in 1944, followed two years later by the Pocono Record.
The company has been a seller more often than a buyer in the 2000s (decade), however, and several observers—including the New York Post, The Boston Globe and Ottaway's own Cape Cod Times—speculated that News Corporation intended to sell all or part of the company in the near future.
Dow Jones Local Media Group
Under Dow Jones' ownership, Ottaway sold several newspapers in recent years, however, most recently in December 2006, when the company dealt nearly half its daily newspapers to Community Newspaper Holdings Inc. (CNHI) for $287.9 million (including real estate).
Until December 2006, the following dailies and weeklies were also part of the Ottaway chain. They are all now part of CNHI.
- Santa Cruz Sentinel daily of Santa Cruz, California
- The News-Times daily of Danbury, Connecticut
- The Spectrum weekly of Milford, Connecticut
- Traverse City Record-Eagle daily of Traverse City, Michigan
- The Grand Traverse Herald weekly of Traverse City, Michigan
- Cooperstown Crier weekly of Cooperstown, New York
- Daily Star of Oneonta, New York
- Press-Republican of Plattsburgh, New York
- Daily Item of Sunbury, Pennsylvania
- The Danville News weekly of Danville, Pennsylvania
The following four daily newspapers were sold by Ottaway to CNHI for $182 million in 2002:
- The Herald of Sharon, Pennsylvania
- The Independent of Ashland, Kentucky
- The Free Press of Mankato, Minnesota
- The Joplin Globe of Joplin, Missouri
Also, Ottaway sold the three daily newspapers of Essex County Newspapers Inc. to The Eagle-Tribune of North Andover, Massachusetts, in 2002, for $70 million. The Eagle-Tribune, along with the Essex papers listed below, was later purchased by CNHI.
- Daily News of Newburyport of Newburyport, Massachusetts
- Gloucester Daily Times of Gloucester, Massachusetts
- Salem Evening News of Salem, Massachusetts
Sale to Newcastle
On September 4, 2013, News Corp announced that it would sell the Dow Jones Local Media Group to Newcastle Investment Corp.—an affiliate of Fortress Investment Group, for $87 million. The newspapers will be operated by GateHouse Media, a newspaper group owned by Fortress. News Corp. CEO and former Wall Street Journal editor Robert James Thomson indicated that the newspapers were "not strategically consistent with the emerging portfolio" of the company. GateHouse in turn filed prepackaged Chapter 11 bankruptcy on September 27, 2013, to restructure its debt obligations in order to accommodate the acquisition.
Holdings by frequency of publication
Dow Jones Local Media Group publishes eight daily and 15 weekly newspapers in seven U.S. states. Its circulation was given in 2005 as 282,000 daily, 316,000 Sunday and 119,000 daily unique visitors on newspaper Internet sites.
Daily newspapers are:
- Ashland Daily Tidings of Ashland, Oregon
- Cape Cod Times of Barnstable, Massachusetts
- Mail Tribune of Medford, Oregon
- Pocono Record of Stroudsburg, Pennsylvania
- The Portsmouth Herald of Portsmouth, New Hampshire
- The Record of Stockton, California
- The Standard-Times of New Bedford, Massachusetts
- Times Herald-Record of Middletown, New York
Weekly and twice-weekly newspapers include the following:
- The Barnstable Patriot of Barnstable, Massachusetts
- The Inquirer & Mirror of Nantucket, Massachusetts
- Hathaway Publishing, published alongside The Standard-Times:
- Seacoast Media Group, published alongside The Portsmouth Herald:
- Hudson Valley Media Group, published alongside the Times Herald-Record:
Holdings by location
- The Advocate
- Barnstable Patriot
- Cape Cod Times
- Cape Cod View
- The Chronicle
- The Fall River Spirit
- The Inquirer and Mirror, Nantucket, MA
- Middleboro Gazette
- Nantucket Today
- New England Business Bulletin
- The Spectator
- The Standard-Times, New Bedford, MA
- New Hampshire
- The Exeter News-Letter
- The Hampton Union
- The Portsmouth Herald
- York County Coast Star
- The York Weekly
- New York
- Limelight Deals, Middletown, NY
- Marketing Blacksmith, Middletown, NY
- Orange Magazine
- Times Herald-Record, Middletown, NY
- Pocono Record, Stroudsburg, PA
- "DowJones.com Community Media". Archived from the original on 24 January 2007. Retrieved 8 January 2007.
- "Ottaway Papers Might Be Sold, Including 16 in N.E.". NEPA Bulletin (Boston, Mass.), December 2007, page 3.
- "Dow Jones Completes Sale of Six Local Newspapers." Dow Jones & Company press release, December 5, 2006.
- "Dow Jones To Sell Four Ottaway Newspapers", accessed January 8, 2007.
- "Bay State Paper Gets to Grow in Its Own Backyard". NewsInc, April 22, 2002. Accessed January 8, 2006.
- "News Corp. sells 33 papers to New York investors". New York Business Journal. Retrieved 4 September 2013.
- "GateHouse Files for Bankruptcy as Part of Fortress Plan". Bloomberg.
- "Locations". Local Media Group. Retrieved 19 June 2014.
- Dow Jones Local Media Group. "Locations". Retrieved 11 April 2012.