October 11, 2019

illustration of the number five, representing the five subscription business topics for this column, Five-on-Friday

Five on Friday: Growth, Penalties and Paring Down Print

If you are tired of impeachment news, check out our Five on Friday features instead: a new study shows that nearly half of U.S. broadband homes subscribe to more than one streaming service; in seven-and-a-half years, the subscription economy has grown by 350%; Stitch Fix goes beyond just subscriptions; the Pittsburgh Post-Gazette is the latest newspaper to pare down its print operation; and Facebook agrees to a $40 million settlement for misleading advertisers on the potential success of video ads.

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GateHouse and Gannett Get Green Light from DOJ to Merge

The Department of Justice has given New Media Investment Group, parent of GateHouse Media, and Gannett Co., Inc., owner of more than 100 local media brands, the green light to merge in a cash and stock deal worth $1.4 billion, reports Fox Business. New Media is buying Gannett for $12.06 per share. The companies are still awaiting approval from European regulators and stockholders. New Media and Gannett both have special meetings to vote on deal set for November 14. The deal is expected to close by the end of 2019.

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