Journal Register Company Completes Acquisition of Taconic Media.TRENTON, N.J.--(BUSINESS WIRE)--September 21, 1998-- Acquisition includes seven paid-circulation weekly newspapers Journal Register Company (NYSE NYSE See: New York Stock Exchange :JRC JRC abbr. Junior Red Cross ) Chairman, President and Chief Executive Officer Robert M. Jelenic announced today that Journal Register Company has completed its acquisition of Taconic Media, Dutchess County, NY, from Helen and Hamilton Meserve. The acquisition includes seven paid-circulation weekly newspapers, as well as the Hudson Valley
The Hudson Valley refers to the canyon of the Hudson River and its adjacent communities in New York State, generally from northern Westchester County northward to the cities of Albany and Troy. Guide, Weekend, and Dutchess Magazine, which are distributed free of charge. Combined, Taconic Media has 222,330 non-daily distribution. The group had 1997 revenue of approximately $2.2 million. "Taconic Media is an excellent addition to Journal Register Company. This acquisition solidifies our new cluster in the Mid-Hudson Region of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of ," said Jelenic. "Taconic Media links our weekly newspaper in Putnam County Putnam County is the name of 9 counties in the United States of America, many of which are named for Israel Putnam, who was a hero in the French and Indian War and a general in the American Revolutionary War:
Taconic Media is Journal Register Company's 13th acquisition since its formation in 1990, and the Company's sixth acquisition since its May 1997 initial public offering. Helen Meserve said, "We are delighted for our employees, as well as our readers, that such a dynamic, growing public company has acquired Taconic Media. This means great opportunities for our staff, and improved newspapers for our readers. We can't imagine a better fit." Lissa Corrado will continue as publisher of Taconic Media. Taconic Media weekly newspapers include the Gazette Advertiser, serving Rhinebeck, Red Hook Red Hook can refer to:
"These are great community newspapers serving desirable markets," said Journal Register Company Executive Vice President, Chief Financial Officer and Treasurer Jean B. Clifton. "We welcome their talented staffs and we are looking forward to working with them to best serve Taconic's readers and advertisers." Journal Register Company is a leading U.S. newspaper publishing company that owns 24 daily newspapers, including the New Haven Register The New Haven Register is a daily newspaper published in New Haven, Connecticut. It is the second largest newspaper in Connecticut, behind The Hartford Courant. It is owned by the Journal Register Company in Yardley, Pennsylvania. , Connecticut's second largest daily and Sunday newspaper with 100,082 daily and 111,576 Sunday circulation, and 185 non-daily publications, including the Suburban Journals in St. Louis, MO, the country's largest weekly newspaper group with 1.6 million weekly distribution. Journal Register Company has total paid daily circulation of approximately 658,000 and non-daily distribution of approximately 3.7 million. The Company's operations are clustered in seven geographic areas: Connecticut, Ohio, Philadelphia and its surrounding areas, the greater St. Louis Greater St. Louis is the informal name of the St. Louis Metropolitan Statistical Area, the 18th largest in the United States. Its population of 2,801,033 (as of 2007 according to the US Census Bureau) includes the independent City of St. Louis, St. area, central New England, and the Capital-Saratoga and Mid-Hudson, NY Regions. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion