Hearst buying Austin American-Statesman

[HanSenSE]

Only non-paywalled link I've been able to find so far. Joins Houston and San Antonio.

Gannett Announces Asset Purchase Agreement With Hearst

 

[DanOregon]

Why would you sell Austin? If you can't make a newspaper work in a major college town with a lively nightlife scene, you've got problems. Good fit for Hearst.

 

[LanceyHoward]

Why would you sell Austin? If you can't make a newspaper work in a major college town with a lively nightlife scene, you've got problems. Good fit for Hearst.

The answer to your second question is that, yes, Gannett has one heck of a lot of problems.

What I find interesting is that Gannett did not reveal the sales price Gannett has a lot to debt. If the company had gotten a decent price for it I think they would have revealed it in the press release.

I also find it interesting that Hearst, which now owns Houston, San Antonio and just bought Austin, did not buy any of the other seven papers that Gannett owns in Texas, including El Paso. I would have thought Hearst would have wanted some more of the other papers in order to roll everything into a combined website. Given that Hearst apparently did not pay much for Auston does that mean they consider the periodicals in smaller towns essentially worthless?

 

[sgreenwell]

The answer to your second question is that, yes, Gannett has one heck of a lot of problems.

What I find interesting is that Gannett did not reveal the sales price Gannett has a lot to debt. If the company had gotten a decent price for it I think they would have revealed it in the press release.

I also find it interesting that Hearst, which now owns Houston, San Antonio and just bought Austin, did not buy any of the other seven papers that Gannett owns in Texas, including El Paso. I would have thought Hearst would have wanted some more of the other papers in order to roll everything into a combined website. Given that Hearst apparently did not pay much for Auston does that mean they consider the periodicals in smaller towns essentially worthless?

Margins might not be all that appealing for Hearst to get into the smaller newspaper game. There is also an oddly OK free monthly for those areas that is mailed out - It has more news in it than the weekly newspaper for my suburban town, unfortunately.

Community Impact Newspaper - Wikipedia

 

[Twirling Time]

Margins might not be all that appealing for Hearst to get into the smaller newspaper game. There is also an oddly OK free monthly for those areas that is mailed out - It has more news in it than the weekly newspaper for my suburban town, unfortunately.

Community Impact Newspaper - Wikipedia

A former editor who went to work for this outfit tried to recruit me to work for them, but I was sceptical. In hindsight I would reconsider. They put out a great product.

 

[dixiehack]

El Paso might be closer to the moon than the I-35 corridor.

 

[Twirling Time]

San Antonio to El Paso: 551 miles

San Antonio to Mobile: 664 miles

 

[garrow]

San Antonio to El Paso: 551 miles

San Antonio to Mobile: 664 miles

El Paso to Los Angeles: 802 miles
El Paso to Orange, Tx: 858 miles

 

[Tarheel316]

El Paso to Los Angeles: 802 miles
El Paso to Orange, Tx: 858 miles

And 15 minutes from Tahoe.

 

[swingline]

El Paso to Los Angeles: 802 miles
El Paso to Orange, Tx: 858 miles

Texas is big, mmkay?

 

[swingline]

And 15 minutes from Tahoe.

You know, I've never been to Tahoe. I must live at least 20 minutes away.

 

[Monday Morning Sportswriter]

Heart also just bought the Waterbury Republican-American in Connecticut, which had always been a solid paper through three generations of family ownership.