Pulitzer Newspapers, Inc. Acquires The Umpqua Post In Oregon
TO BUSINESS AND STATE EDITORS:
COOS BAY, Ore., Feb. 27 /PRNewswire-FirstCall/ --Pulitzer Newspapers, Inc. (PNI), a subsidiary of Pulitzer, Inc. (NYSE: PTZ) and the owner of The World daily newspaper in Coos Bay, today announced the purchase of the assets of The Umpqua Post, a weekly paid-circulation newspaper in Reedsport, Ore., from The Umpqua Post, Inc., of Reedsport. Terms of the sale were not disclosed.
With this acquisition, The World, published in Coos Bay-North Bend in Coos County, will combine resources with the Reedsport weekly, serving western Douglas County.
"The result of combining the resources of these two newspapers will be improved community coverage in Reedsport, affording the weekly Post many of the resources of the region's daily newspaper," said Greg Stevens, president and publisher of The World and now The Umpqua Post. "Our intent is for The Umpqua Post to retain its local community voice, while benefiting from new marketing and operational synergies."
"The Post will continue to have offices in Reedsport," Stevens said. "A managing editor will be engaged to supervise operations of The Umpqua Post and represent it in the Reedsport community to make sure that the publication continues to serve its readers and advertisers well." The Umpqua Post will be printed in Coos Bay by The World.
Elizabeth Adamo and Nancie Hammond, founders of The Umpqua Post, commented, "We are pleased and proud that a company of Pulitzer's stature will own The Umpqua Post. It has been a difficult decision to leave the helm of a business that we love. But we feel confident that as a Pulitzer newspaper, The Umpqua Post will grow, thrive and continue to be the voice of our community."
The World, with circulation of 14,000 daily and 16,000 weekends, serves Coos, Curry, and western Douglas and Lane counties. Currently celebrating its 125th anniversary, The World also publishes a weekly regional shopper, Spotlight, numerous quarterly and annual publications in cooperation with local groups and organizations, Business Watch, a monthly regional business magazine, as well as a full-service news and information Web site at www.theworldlink.com. The World's publishing company also owns and publishes the weekly Western World newspaper and the Coffee Break daily news and information publication in Bandon, Ore., some 25 miles south of Coos Bay-North Bend.
Pulitzer Inc., through various subsidiaries and affiliated entities, is engaged in newspaper publishing and related new media activities. The Company's newspaper operations include two major metropolitan dailies, the St. Louis Post-Dispatch and the Arizona Daily Star in Tucson, Ariz., and, through its Pulitzer Newspapers, Inc. (PNI) subsidiary, 12 other dailies and more than 65 weekly newspapers, shoppers and niche publications. In addition to The World, PNI dailies are The Pantagraph, Bloomington, Ill.; The Daily Herald, Provo, Utah; the Santa Maria Times, Santa Maria, Calif.; The Napa Valley Register, Napa, Calif.; The Sentinel, Hanford, Calif.; the Arizona Daily Sun, Flagstaff, Ariz.; The Daily Chronicle, DeKalb, Ill.; The Garden Island, Lihue, Hawaii; the Daily Journal, Park Hills, Mo.; The Lompoc Record, Lompoc, Calif.; and The Daily News, Rhinelander, Wisc. The Company's newspaper operations also include the Suburban Journals of Greater St. Louis, a group of 37 weekly papers and various niche publications.
Pulitzer Inc.'s new media and interactive initiatives include STLtoday.com in St. Louis, azstarnet.com in Tucson, and Web sites for all of its other dailies. Pulitzer Inc. is the successor to the company originally founded by Joseph Pulitzer in St. Louis in 1878. For more information, visit our Web site at www.pulitzerinc.com.
For more information, please contact James V. Maloney, director of shareholder relations at Pulitzer Inc., at .
SOURCE Pulitzer Inc.