The Enterprise (Brockton)

Last updated
The Enterprise
The Enterprise (Brockton) front page.jpg
The April 6, 2007 front page of
The Enterprise
Type Daily newspaper
Format Broadsheet
Owner(s) Gannett
PublisherMark Olivieri
EditorLisa Strattan
Foundedc.1881
Headquarters5 Cohannet Street,
Taunton, Massachusetts 02780, United States
Circulation 7,130(as of 2018) [1]
ISSN 0744-2114
Website enterprisenews.com

The Enterprise is an afternoon daily newspaper published in Brockton, Massachusetts. It is considered a newspaper of record for Brockton and nearby towns in northern Bristol and Plymouth counties, and southern Norfolk County.

Contents

History

The Fuller-Thompson family owned The Enterprise for 115 years prior to its 1996 sale to joint venture headed by incumbent president Myron F. Fuller and new majority owner James F. Plugh, who was said to have paid between $20 million and $30 million. Plugh formed a new corporate parent for the paper, Newspaper Media Corporation, and expressed a desire to buy other New England newspapers.

Plugh in 1997 purchased The Patriot Ledger and its chain of weeklies, Memorial Press Group, paying an estimated $60 million to $70 million. As newspapers moved to the internet, the two afternoon dailies—whose reporters competed in 12 suburban towns—established a common website.

Six years later, Plugh yielded a majority stake in what was now known as Enterprise NewsMedia to Heritage Partners Inc., an investment firm based in Boston, Massachusetts. Heritage was said to have paid $113 million to buy into The Enterprise, The Patriot Ledger, and Memorial Press Group.

Plugh remained on board as publisher until 2004, when he became vice president of Enterprise NewsMedia and hired Kirk A. Davis as publisher.

In 2006, Enterprise NewsMedia was sold to Liberty Publishing, which changed its name to GateHouse Media as part of a $225 million deal including Community Newspaper Company and its four Massachusetts dailies. The company later purchased the Taunton Daily Gazette .

Headquartered in Fairport, N.Y., GateHouse is one of the largest publishers of locally based print and online media in the country as measured by its 86 daily publications. GateHouse serves local audiences of about 10 million per week across 21 states through 400 community publications and 350 local websites. The company also owns Propel Marketing, a provider of digital services to small and mid-sized companies.

In September 2013, an affiliate of the principal shareholder of GateHouse Media, Fortress Investment Group, purchased the Dow Jones Local Media Group. Among the eight daily and 25 weekly publications included in the sale were the Cape Cod Times, the Standard Times of New Bedford and the Portsmouth (N.H.) Herald. GateHouse manages all of those publications.

In November 2013, GateHouse emerged from prepackaged Chapter 11 bankruptcy proceedings, less than two months after filing to restructure $1.2 billion of debt that was scheduled to come due in August 2014. The company is now owner by New Media Investment Group Inc.

Michael Reed, director and chief executive officer of GateHouse, said the bankruptcy filing was a strategic decision to facilitate this restructuring, and GateHouse was able to continue operations while in Chapter 11 without disruption.

Pension, trade and all other unsecured creditors of GateHouse were not affected. Secured lenders, whose debt was cancelled under the plan, received choice of shares in New Media or a 40 percent cash distribution. The publicly traded shares of GateHouse were cancelled, with shareholders receiving warrants for New Media stock.

Kirk Davis is chief executive officer of GateHouse New England. Mark Olivieri is the publisher of The Patriot Ledger and The Enterprise and Lisa Strattan is the editor.

The Enterprise moved from its longtime editorial and business office at 60 Main St. to 1324 Belmont St. in 2008.

The New England Newspaper Association named The Enterprise as its Newspaper of the Year for 2007 among papers with daily circulations of 22,500 to 35,500. The Enterprise received the same honor for 2006 from the New England Press Association.

Prices

The Enterprise prices are: $2.00 daily, $4.00 Sunday.

Related Research Articles

<i>Boston Herald</i> US newspaper

The Boston Herald is an American daily newspaper whose primary market is Boston, Massachusetts, and its surrounding area. It was founded in 1846 and is one of the oldest daily newspapers in the United States. It has been awarded eight Pulitzer Prizes in its history, including four for editorial writing and three for photography before it was converted to tabloid format in 1981. The Herald was named one of the "10 Newspapers That 'Do It Right'" in 2012 by Editor & Publisher.

Local Media Group, Inc., formerly Dow Jones Local Media Group and Ottaway Newspapers Inc., owned newspapers, websites and niche publications in California, Maine, Massachusetts, New Hampshire, New York, Oregon and Pennsylvania. It was headquartered in Campbell Hall, New York, and its flagship was the Times Herald-Record, serving Middletown and other suburbs of New York City.

The MetroWest Daily News is an American daily newspaper published in Framingham, Massachusetts, serving the MetroWest region of suburban Boston. The newspaper is owned by Gannett.

The Pocono Record is a daily newspaper published in print and online in Stroudsburg, Pennsylvania, United States.

<span class="mw-page-title-main">Lee Enterprises</span> American media company

Lee Enterprises, Inc. is a publicly traded American media company. It publishes 77 daily newspapers in 26 states, and more than 350 weekly, classified, and specialty publications. Lee Enterprises was founded in 1890 by Alfred Wilson Lee and is based in Davenport, Iowa.

<i>The Daytona Beach News-Journal</i> Newspaper in Florida

The Daytona Beach News-Journal is a Florida daily newspaper serving Volusia and Flagler Counties.

<i>The Standard-Times</i> (New Bedford) Newspaper in New Bedford, Massachusetts

The Standard-Times, based in New Bedford, Massachusetts, is the largest of three daily newspapers covering the South Coast of Massachusetts, along with The Herald News of Fall River and Taunton Daily Gazette of Taunton, Massachusetts.

<i>Ashland Daily Tidings</i>

The Ashland Daily Tidings was a morning newspaper serving the city of Ashland, Oregon, United States. It was owned by Rosebud Media, like its sister publication, the Medford-based Mail Tribune, which it continued to publish until announcing that paper would close on January 13, 2023.

The Patriot Ledger is a daily newspaper in Quincy, Massachusetts, that serves the South Shore. It publishes Monday through Saturday.

Community Newspaper Company, or CNC, was the largest publisher of weekly newspapers in eastern Massachusetts in the 1990s and first decade of the 21st century. It also published several daily newspapers in Greater Boston.

<span class="mw-page-title-main">GateHouse Media</span> American media company

GateHouse Media Inc. was an American publisher of locally based print and digital media. It published 144 daily newspapers, 684 community publications, and over 569 local-market websites in 38 states. Its parent company, New Media Investment Group, merged with Gannett in 2019.

Hathaway Publishing was a subsidiary of The Local Media Group Inc. Hathaway published five weekly newspapers in the South Coast region of Massachusetts.

The Barnstable Patriot is a weekly newspaper published in and for the town of Barnstable, Massachusetts, United States. Although it bills itself as "an independent voice since 1830", The Patriot has been owned, since 2019, by Gannett.

Mariner Group, based in Marshfield, Massachusetts, United States, was a chain of weekly newspapers in the suburban South Shore near Boston, Massachusetts, United States. Founded in 1972 with one paper, the Marshfield Mariner, the group was sold in 1989 to Capital Cities/ABC and again in 1995 to Fidelity Investments, which dissolved it into Community Newspaper Company a few months later.

Memorial Press Group, based in Plymouth, Massachusetts, United States, was a chain of weekly newspapers along the South Shore near Boston, Massachusetts. Long owned by The Patriot Ledger in nearby Quincy, MPG and its daily parent were sold to GateHouse Media in 2006.

<span class="mw-page-title-main">Old Colony Memorial (newspaper)</span>

The Old Colony Memorial (est.1822) is a semiweekly newspaper published in Plymouth, Massachusetts. Gannett owns the paper; previous owners include the George W. Prescott Publishing Co. and the Memorial Press Group.

<i>Haverhill Gazette</i>

The Haverhill Gazette is a weekly newspaper in Haverhill, Massachusetts, owned by Community Newspaper Holdings Inc. of Montgomery, Alabama. For at least part of its history, it was a daily. In 1998 the paper was bought by the Eagle Tribune Company and converted to a weekly. In 2005 it was bought by Community Newspaper Holdings. The publisher is John Celestino, who oversees the Haverhill Gazette and its sister papers in the North of Boston Media Group.

MNG Enterprises, Inc., doing business as Digital First Media and MediaNews Group, is a Denver, Colorado-based newspaper publisher owned by Alden Global Capital. The company has been growing its portfolio and as of May 2021, owns over 100 newspapers and 200 assorted other publications.

<span class="mw-page-title-main">News Corp</span> American multinational mass media company

News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the original News Corporation, it was formed on June 28, 2013, following a spin-off of the media outlets of the original News Corp as 21st Century Fox. Operating across digital real estate information, news media, book publishing, and cable television, News Corp's notable assets include Dow Jones & Company, News UK, News Corp Australia, REA Group, Realtor.com, and book publisher HarperCollins.

<span class="mw-page-title-main">Alden Global Capital</span> American hedge fund

Alden Global Capital is a hedge fund based in Manhattan, New York City. It was founded in 2007 by Randall D. Smith. Its managing director is Heath Freeman. By mid-2020, Alden had stakes in roughly two hundred American newspapers. The company added more newspapers to its portfolio in May 2021 when it purchased Tribune Publishing and became the second-largest newspaper publisher in the United States.

References

  1. "2018 Legacy NEWM Annual Reports" (PDF). investors.gannett.com. 2018.