SCRANTON, Pennsylvania
,
September 1, 2023
(press release)
–
Times-Shamrock Communications is selling its newspaper group, including The Scranton (PA) Times-Tribune, to MediaNews Group effective Thursday, CEO Jim Lewandowski announced. The Times-Shamrock family of newspapers reaches a combined readership of more than a million in Northeastern Pennsylvania. Dirks, Van Essen & April, a media merger and acquisition firm based in Santa Fe, New Mexico, represented Times-Shamrock Communications in the transaction. Terms were not disclosed. The sale, announced during an all-staff Zoom meeting, includes the company’s four daily newspapers — The Times-Tribune, The Citizens’ Voice, The Republican Herald and The Standard Speaker — as well as its weekly and periodic newspapers, commercial printing operations, Absolute Distribution Inc. and Times-Shamrock Creative Services. It does not include the Times-Shamrock’s radio or billboard operations, or the Scranton Times Building.
* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.
