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09/28/2018

GateHouse buys Daily Oklahoman

From NewsOK.com

The Oklahoman Media Company has been sold to the fastest-growing publishing company in the country, New York-based GateHouse Media, for an undisclosed amount, executives announced Thursday.

The sale will close Oct. 1. GateHouse Media publishes 145 daily publications. It operates in more than 570 markets across 37 states, reaching more than 23 million people on a weekly basis and serving more than 220,000 business customers.

GateHouse Media's parent company is publicly traded New Media Investment Group (NEWM) of New York.

"The Oklahoman has served its readers with great ambition and integrity since before statehood. We're proud that GateHouse Media will be able to continue The Oklahoman's heritage," said Kirk Davis, CEO, GateHouse Media.

The Oklahoman, NewsOK, Big Wing and The Oklahoman Direct will extend GateHouse's presence in Oklahoma.

"We are fortunate to own a small number of daily and weekly publications in Oklahoma, including The Journal Record in Oklahoma City. The Oklahoman not only bolsters our portfolio here, but will be among our largest newspapers in the country,” Davis said.

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