Newspaper Acquisitions Continue Despite 'Dead Industry' Warnings
Poynter, Monday, December 3, 2012 2:12 PM
In the latest of a spate of newspaper acquisitions, Clarity Media Group bought The Colorado Springs Gazette from Aaron Kushner’s 2100 Trust investment group, which made the sale only four months after the latter had bought the paper, according to Caitlin Johnston. She details other "deals announced since the fall of 2011, [including] Warren Buffett’s purchase of his hometown Omaha World-Herald, followed this year by the acquisition of 63 newspapers owned by Media General." Her conclusion: "The newspaper buying-and-selling market is busy these days for an industry many have written off as dead or dying."
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