DENVER COMPANY BUYS PAPER IN LONG BEACH.Byline: G.M. Bush Knight-Ridder Tribune News Wire Dean Singleton's Garden State Newspapers announced Thursday it is buying the Long Beach Press-Telegram The Long Beach Press-Telegram is a major daily newspaper published in Long Beach, California. Tracing its history to 1897, it is currently published by the Los Angeles Newspaper Group. External links
The Denver-based Garden State Newspapers signed a contract Tuesday to purchase the 100-year-old newspaper from Knight-Ridder Corp., Singleton sin·gle·ton n. An offspring born alone. singleton Medtalk One baby. Cf Triplet, Twin. told more than 100 Press-Telegram staffers in the newsroom during the first of several meetings with employees Thursday. Details of the asset sale were not divulged. The Press-Telegram circulation area includes much of southern 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. County and northwest Orange County. The paper will be the second largest of Garden State Newspaper's 34 dailies, once the sale is complete, probably around the end of the year. The largest is The Denver Post. Garden State also owns dailies in Whittier, Pasadena and San Gabriel San Gabriel (săn gā`brēəl), city (1990 pop. 37,120), Los Angeles co., SW Calif.; inc. 1913. Fabric, furniture, paper products, tools, and aircraft parts are manufactured. . Singleton reminded newsroom employees that the industry is changing, and said emerging retail advertising patterns strongly suggest owning several papers in a market such as the Press-Telegram's makes sense. The Press-Telegram was Knight-Ridder's only paper in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . Singleton may have soothed worried reporters, editors and photographers when he said, ``It's important to know how much we value the news part of the newspaper.'' But he did little to allay al·lay tr.v. al·layed, al·lay·ing, al·lays 1. To reduce the intensity of; relieve: allay back pains. See Synonyms at relieve. 2. fears when he told them they would all have to reapply Re`ap`ply´ v. t. & i. 1. To apply again. reapply vi → volver a presentarse, hacer or presentar una nueva solicitud for their jobs. He said he expects to hire back the majority, but probably not everyone, and only ``as it makes sense for the future, not the past.'' Rehired employees will be offered salary and benefits consistent with 100,000-circulation papers across the country, he said. Garden State Newspapers will not recognize existing union contracts, Singleton said. But, as required by law, the company would begin negotiating with individual unions when at least half the members are rehired. No decision has been made on who will be the publisher, he said. |
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