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The Write News -- News,
features and resources for media and publishing professionals

Friday, December 10, 2004

Gannett to Acquire HomeTown Communications Network

Gannett Co., Inc. has agreed to acquire the assets of HomeTown Communications Network, Inc., a community publishing company with newspapers, telephone directories, shoppers and niche publications in Michigan, Ohio and Kentucky. HomeTown has approximately 780 employees. Revenues are expected to exceed $86 million in 2004.

The HomeTown Communications Network features one daily and 62 weekly and twice-weekly community newspapers, with an aggregate, audited circulation greater than 740,000. The network also includes 24 community telephone directories with a total distribution of nearly 1,500,000; one shopping guide; and other specialty and niche publications. The company has a digital operation, with websites and Web-based services including design and production, as well as commercial typesetting and printing from four plants.

The newspaper group includes the recently launched Daily Press & Argus in fast-growing Livingston County, MI, and non-daily groups in the suburban areas near Detroit, Cincinnati/Northern Kentucky and Lansing, MI.

"Gannett is one of the world's largest newspaper companies, with a demonstrated track record of capable professional management, great financial stability and high community involvement. I wanted the newspapers, telephone directories and other publications that I spent so much of my career building to wind up in good hands after I left. I believe Gannett's hands are the best available," said Philip Power, Hometown's chairman.

Gannett Co., Inc. is a leading international news and information company that publishes 101 daily newspapers in the USA, including USA Today. The company also owns more than 600 non-daily publications in the USA and USA Weekend, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom's second largest regional newspaper company.



Related Links:
· Gannett Co., Inc.
· HomeTown Communications Network, Inc.





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