DAILY NEWS PURCHASE FINALIZED.Byline: Daily News MediaNews Group Not to be confused with Media General, an unrelated newspaper and TV group. MediaNews Group, based in Denver, Colorado, is one of the largest newspaper companies in the United States. has completed its purchase of the Daily News of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , making it the fifth newspaper in the company's Suburban Los Angeles Newspaper Group The Los Angeles Newspaper Group is an umbrella group of local daily newspapers published in the greater Los Angeles area by MediaNews Group. The news coverage of the newspapers are mainly local stories. and pushing the L.A. group's Sunday circulation to more than 450,000. With the purchase of five newspapers in little more than a year, MediaNews has assembled the largest daily and Sunday suburban newspaper group in the country. The five newspapers, all based in Los Angeles County and serving much of the county and region, virtually surround L.A. The company also announced that effective today, Ike Massey has become publisher of the Daily News in addition to being president and chief executive officer of the Suburban Los Angeles Newspaper Group. He replaces Daily News President, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and Publisher Larry T. Beasley, who left the newspaper. ``We're pleased to assume ownership of the Daily News and plan to continue and expand on its tradition of strong community news coverage, dedicated community involvement, and outstanding service to advertisers,'' Massey said. Massey said that the group's headquarters will be located in the Daily News' main office in Woodland Hills. Group newspapers include the Press-Telegram in Long Beach, the Star-News in Pasadena, the San Gabriel Valley The San Gabriel Valley is one of the principal valleys of southern California. It lies to the east of the city of Los Angeles, to the north of the Puente Hills, to the south of the San Gabriel Mountains, and to the west of the Inland Empire. Tribune in West Covina West Covina, city (1990 pop. 96,086), Los Angeles co., S Calif., in the San Gabriel valley; settled 1905, inc. 1923. Before World War II, West Covina was a small rural community where walnuts, wheat, and livestock were raised. , the Whittier Daily News and now the Daily News. MediaNews, based in Denver and owning daily and weekly newspapers across the country, acquired the Long Beach paper in December and the other three area newspapers in the fall of 1996. The Daily News was put up for sale on Oct. 1 by the estate of Jack Kent Cooke Jack Kent Cooke (25 October, 1912 – 6 April, 1997) was a Canadian-American entrepreneur who became one of the most widely-known executives in North American professional sports. , who died April 6, leaving his money to a charitable trust The arrangement by which real or Personal Property given by one person is held by another to be used for the benefit of a class of persons or the general public. to help young people. Cooke bought the newspaper in 1985 from the Tribune Co. of Chicago. On Dec. 4, the Cooke estate said it had agreed to sell the newspaper to William Dean Singleton's MediaNews Group, through its Garden State Newspapers subsidiary. The sale closed late Thursday. No price was announced. Massey also said, ``Under Larry Beasley's leadership, the Daily News became a more significant institution in Los Angeles and the region. We plan to build on that.'' Beasley said he was proud of the Daily News' accomplishments during his nearly four years heading the newspaper. ``It's been a privilege to be involved and to represent the Daily News in the community, where it has so many friends, and where there are so many people who are dedicated to making the Valley a better place in which to live.'' Massey, 49, became CEO and publisher of MediaNews' three papers in the San Gabriel Valley in November 1996. Last fall he was named to head the newly-created Suburban Los Angeles Newspaper Group as it was acquiring the Long Beach newspaper and then the Daily News. Prior to moving to Southern California, he was CEO and publisher of the Houston Post in Texas. A veteran of more than 30 years in the newspaper business, Massey has held publishing and corporate positions with newspapers in Ohio <noinclude> The following is a list of newspapers published and circulated in Ohio. Major papers </noinclude>
During his years as a publisher, Massey has been involved with and served on a number of community boards in various states, including several during the last year in the San Gabriel Valley. Massey and his wife, Deborah, reside in Pasadena. They plan to relocate to the San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. . CAPTION(S): Photo PHOTO (color) MASSEY |
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