Printer Friendly

ASBURY PARK PRESS BUYS THE HOME NEWS

 NEPTUNE, N.J., July 14 /PRNewswire/ -- The Home News, a 114-year-old daily and Sunday newspaper headquartered in New Brunswick, N.J., was purchased today by the Asbury Park Press, the second largest daily and Sunday newspaper in New Jersey. The announcement came nearly six months after the Asbury Park Press agreed to acquire the publication from the Boyd family.
 Agreements were signed Tuesday night and the takeover was effective this morning, said E. Donald Lass, president of New Jersey Press, Inc., the parent company, and editor and publisher of the press. Lass will also serve as publisher of The Home News.
 Lass said The Home News will maintain its identity.
 "The Home News is a natural fit for the Press because it is in a contiguous market," Lass said. "We will capitalize on the synergies between the two organizations, but The Home News will be a distinctive product dedicated to Middlesex and Somerset counties, and not a clone of the Press."
 The Thursday edition of The Home News, the first under Press ownership, will be printed tonight on new Urbanite offset presses at the Press satellite printing facility in Freehold Township and on its Metroliner presses in Neptune.
 "At the outset we will print simultaneously from two locations to ensure on-time delivery to the market," Lass said. "Once we've added certain equipment to the Freehold Township facility, all editions will be printed there."
 The Home News has been redesigned, with a distinctive and colorful front page identifying "flag."
 "The Home News will retain many of its traditional features, but it will be dressed up in vivid colors and new easier-to-read type faces," Lass said. "I think readers will find the new product friendlier and more useful, but not glitzy. We believe in substance and enterprise, and because this is among the most competitive markets in the country we will pursue the goal of producing a distinctive product for the communities we serve."
 The Home News will operate as a division of Asbury Park Press, Inc. with a work force of approximately 260 people.
 Approximately 166 full-time and part-time employees in the editorial, advertising, human resources, circulation and marketing departments, along with Home News senior management, will be headquartered at a leased facility on Kennedy Boulevard in East Brunswick, N.J. That site was opened today. A total of 35 full- and part-time employees will work at a new printing facility owned by the Asbury Park Press in Freehold Township, N.J., and 52 full- and part-time employees in the classified phoneroom, financial, facilities and transportation departments will be based at the Asbury Park Press headquarters in Neptune. In addition, eight part-time employees will oversee four circulation distribution centers located in different parts of Middlesex County. Those centers will be phased in over the next six weeks and will be utilized by more than 400 independent contractor carriers.
 Of the 260-member Home News work force, approximately 114 are former employees of the Boyd family-owned publication, according to Tim Zeiss, New Jersey Press spokesperson. He said that the Press had offered jobs to 130, but that some had declined.
 Zeiss also stated that most of the Home News assets were included in the purchase, excluding the Home News building and property on How Lane in New Brunswick and the presses.
 Asbury Park Press, with a daily circulation of 164,465 and 229,736 on Sunday (ABC FAS-FAX 3/31/93), is among the 70 largest newspapers in the United States. The Press began as a weekly newspaper, The Shore Press, on July 10, 1979.
 The Home News, with a daily circulation of 47,490 and 56,674 on Sunday (ABC FAS-FAX 3/31/93), was founded the same year by Albert L. Blue and Joseph Fischer. The daily newspaper was purchased by Hugh Boyd, an ancestor of former chairman of the board William Boyd, in 1880. The Sunday Home News traces its history to 1786.
 The Asbury Park Press parent company, New Jersey Press, Inc., also owns Press Broadcasting Company, Inc., which operates WKXW (New Jersey 101.5 FM) and WBUD 1260 AM, radio stations licensed to Trenton. The company also owns and operates WKCF Channel 18, an independent television station, and radio station WTKS FM, Orlando, Fla. The company is owned by the Lass family and Jules L. Plangere, Jr., chairman of the board.
 -0- 7/14/93
 /CONTACT: Tim Zeiss of the Asbury Park Press, 908-922-6000, ext. 3235/


CO: The Asbury Park Press; The Home News ST: New Jersey IN: PUB SU: TNM

GK-LR -- NY065 -- 1492 07/14/93 14:02 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 14, 1993
Words:762
Previous Article:SYMPOSIUM TO EXPLORE PACIFIC RIM BUSINESS OPPORTUNITIES
Next Article:HARNISCHFEGER INDUSTRIES, INC. TO TAKE RESTRUCTURING CHARGE
Topics:


Related Articles
DAILY NEWS EDITOR LOU COLASUONNO ANNOUNCES NEW HIRES
NEW JERSEY PRESS INC. BUYS THE NEWS TRIBUNE; NEWSPAPERS COMBINED TO SERVE CENTRAL NEW JERSEY
IN Jersey Offers Newspapers Real Estate Revenue Opportunity on the Internet
Asbury Park Press Employees Say No To Unions
Manhattan Bagel Gains Top Honors in Atlanta Journal-Constitution, Asbury Park Press Reader Surveys.
PERSONS.
Manhattan Bagel Voted 'Best Bagel' by New Jersey Consumers in Three Markets; Einstein Bros Also Recognized.
NJ Community College Honored for Fuel Cell Installation.
Mark Frisby, Publisher of Courier-Post, Joins Philadelphia Inquirer/Daily News Hometown Team.
PERSONS.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters