CNHI

Last updated
CNHI, LLC
FormerlyCommunity Newspaper Holdings, Inc.
Company type Subsidiary
Industry Newspaper publishing
Founded1997;27 years ago (1997)
FounderRalph Martin
Headquarters,
USA
Key people
RevenueIncrease2.svg$520 million USD  (2009)
Number of employees
6,501 (2007)
Parent Retirement Systems of Alabama
Website cnhi.com

CNHI, LLC (formerly Community Newspaper Holdings, Inc.) is an American publisher of newspapers and advertising-related publications throughout the United States. The company was formed in 1997 by Ralph Martin, [1] and is based in Montgomery, Alabama [2] (after moving from Birmingham, Alabama in September 2011). The company is financed by, and is a subsidiary of, the Retirement Systems of Alabama (RSA).

Contents

History

The company has been formed by acquisitions. It started by acquiring many of the smaller former Park papers from Media General. Two years later, it bought several papers from Hollinger International. In 2000, it acquired another batch of papers from the Thomson Corporation.

In 2002, CNHI paid $182 million for 4 daily newspapers and other non-daily publications from Ottaway Newspapers Inc., the community newspaper group of Dow Jones & Co. Inc., that Ottaway had determined not to be growth markets. [3] In 2006, the company acquired 6 more newspapers from Ottaway. [4] Ottaway used $144 million of the 2002 sale to buy The Record newspaper in Stockton, California, in 2003. [5] In September 2013, Dow Jones, which had renamed the properties as Dow Jones Local Media Group, sold the entire remaining group of 33 community newspapers to Newcastle Investment Corp. for a total of only $87 million. [6] In 2007, CNHI sold the Santa Cruz Sentinel , a former Ottaway publication, to MediaNews Group. [7]

As of 2006, CNHI owned 90 daily newspapers and more than 200 non-daily newspapers in 22 states. George Wakefield is CNHI chairman; Donna Barrett is president and CEO. CNHI newspapers are clustered in groups that cross-sell packages to advertisers [1] and occasionally feature shared editorial content.

In 2009, CNHI implemented mandatory furloughs for most non-sales staff, requiring employees to take a mandatory week off without pay every quarter. As of 2015, these DOWOP (days off without pay) were still in effect. Also in 2014, most CNHI newspaper sites put a paywall into place, requiring readers to subscribe after reading 5 articles.

On June 24, 2010, the company announced that it would relocate its headquarters and about 70 jobs to Montgomery, Alabama, into the RSA Dexter Tower Building when that building is complete in late 2011 or early 2012. [8] Like its former headquarters in Birmingham, the new building is owned by RSA, which is the principal source of investment funding for CNHI. David G. Bronner, CEO of RSA, said the move will be good for the community and the company. The Montgomery Advertiser newspaper reported that Bronner was a key player in the move. With CNHI's Birmingham lease expiring, the decision to bring the company to Montgomery "was something that I strongly suggested," he said, according to the newspaper. The city and Montgomery County offered $300,000 in incentives to pay moving costs for the company. [8]

In April 2012, along with GateHouse Media, Lee Enterprises and the E. W. Scripps Company, CNHI invested in Find n Save, an online company which offers local media an online shopping platform. [9]

On September 25, 2017, Raycom Media announced that it would merge with CNHI. Both companies are already principally owned by RSA, and there were to be administrative and content synergies between the properties. CNHI continued to operate as a subsidiary of Raycom. To comply with FCC newspaper cross-ownership restrictions, CNHI was to divest papers in the seven markets where Raycom also owns television stations. [10] [11] [12]

In January 2018, CNHI announced it would be moving to a regional editor system where a small number of editors would oversee coverage of regions and states. [13]

On June 25, 2018, Gray Television announced it would be acquiring Raycom's television assets. CNHI was not included in the sale to Gray and CNHI is currently seeking to sell off its newspapers, as a whole or piecemeal. [14] [15] With the completion of the purchase on January 2, 2019, the newspapers were re-organized to a direct subsidiary of RSA as Raycom ceased to exist. [16]

In May 2024, CNHI sold ten newspapers across Alabama, Georgia and Mississippi, along with a print facility, to Carpenter Media Group. [17]

CNHI newspapers

As can be inferred by its former name of Community Newspaper Holdings Inc., CNHI tends to acquire newspapers in smaller markets and suburbs of larger cities. As of December 2006, few of its dailies had circulations above 20,000, including:

See also

Related Research Articles

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 Santa Cruz Sentinel is a daily newspaper published in Santa Cruz, California, covering Santa Cruz County, California, and owned by Media News Group, which is controlled by Alden Global Capital.

Raycom Media, Inc. was an American television broadcasting company based in Montgomery, Alabama. Raycom owned and/or provided services for 65 television stations and two radio stations across 44 markets in 20 states. Raycom, through its Community Newspaper Holdings subsidiary, also owned multiple newspapers in small and medium-sized markets throughout the United States.

<i>Times Herald-Record</i> Daily newspaper published in Middletown, NY, USA

The Times Herald-Record, often referred to as The Record or Middletown Record in its coverage area, is a daily newspaper published in Middletown, New York, covering the northwest suburbs of New York City. It covers Orange, Sullivan and Ulster counties in New York. It was published in a tabloid format until March 1, 2022, when it began being published like most other newspapers, in a broadsheet format. The newspaper left its long-time main office in Middletown in 2021 and moved into a small office nearby in the Town of Wallkill. The newsroom had 120 full-time equivalent employees in the 1990s, but as of July 2023 it had one news reporter and one sports reporter.

<span class="mw-page-title-main">Retirement Systems of Alabama</span> Alabama pension fund administrator

Retirement Systems of Alabama is the administrator of the pension fund for employees of the state of Alabama. It is headquartered in the state capital Montgomery, Alabama. David G. Bronner is the chief executive officer.

<i>The Eagle-Tribune</i> Daily newspaper in Massachusetts and New Hampshire

The Eagle-Tribune is a seven-day morning daily newspaper covering the Merrimack Valley and Essex County, Massachusetts, and southern New Hampshire. It is the largest-circulation daily newspaper owned by Community Newspaper Holdings Inc., and the lead property in a regional chain of four dailies and several weekly newspapers in Essex County and southern New Hampshire.

<i>The News-Times</i> Daily newspaper based in Danbury, Connecticut, US

The News-Times is a daily newspaper based in Danbury, Connecticut, United States. It is owned and operated by the Hearst Corporation.

<i>The Record</i> (Stockton, California) Newspaper in Stockton, California

The Record is a daily newspaper based in Stockton, California, serving San Joaquin and Calaveras Counties. It is owned by Gannett.

The Free Press is an American, English language daily newspaper published in Mankato, Minnesota.

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

The Portsmouth Herald is a six-day daily newspaper serving greater Portsmouth, New Hampshire. Its coverage area also includes the municipalities of Greenland, New Castle, Newington and Rye, New Hampshire; and Eliot, Kittery, Kittery Point and South Berwick, Maine.

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.

The Daily Star is a daily newspaper in Oneonta, New York, United States. It is owned by Community Newspaper Holdings Inc.

The Press-Republican is a daily newspaper published five days a week, Tuesday through Friday with a Saturday weekend edition in Plattsburgh, New York, United States. It is owned by Community Newspaper Holdings Inc., a subsidiary of the Retirement Systems of Alabama.

<i>The Daily Item</i> (Sunbury)

The Daily Item is a daily newspaper in Sunbury, Pennsylvania, covering the Central Susquehanna Valley Region. It is owned by Community Newspaper Holdings Inc.

The Herald is a six-day morning daily newspaper published in Sharon, Pennsylvania, covering Mercer County and the greater Shenango Valley area of Pennsylvania. It is owned by Community Newspaper Holdings Inc., Montgomery, Ala.

The Gloucester Daily Times is an American daily newspaper published Monday through Saturday mornings in Gloucester, Massachusetts by Eagle-Tribune Publishing Company, a subsidiary of Community Newspaper Holdings Inc. The price is $0.75.

<i>The Salem News</i> Daily newspaper in Massachusetts, US

The Salem News is an American daily newspaper serving southern Essex County, Massachusetts. Although the paper is named for the city of Salem, its offices are now in nearby Danvers, Massachusetts. The newspaper is published Monday, Wednesday, Thursday and Friday mornings by Eagle-Tribune Publishing Company, a subsidiary of CNHI.

The Daily News of Newburyport is an American daily newspaper covering northeastern Essex County, Massachusetts, USA. The newspaper is published Monday through Saturday mornings by North of Boston Media Group, a subsidiary of Community Newspaper Holdings Inc.

The Sweetwater Reporter is a newspaper based in Sweetwater, Texas, covering the Nolan County area of West Texas. Owned by Horizon Publications Inc., it publishes an evening paper six days a week, Sunday through Friday.

References

  1. 1 2 Company History: Community Newspaper Holdings Inc. at Answers.com (accessed March 31, 2010)
  2. "Community Newspaper Holdings, Inc.: Private Company Information — Businessweek". investing.businessweek.com. Archived from the original on October 20, 2009. Retrieved 22 May 2012.
  3. "The Herald, Sharon, Pa" . Retrieved 10 May 2016.
  4. "CNHI to acquire 6 dailies from Dow Jones". CNHI. November 1, 2006. Archived from the original on 2014-05-27. Retrieved May 26, 2014.
  5. "Dow Jones' Ottaway Community Newspaper Group To Acquire The Record --Stockton, CA--" (Press release). 16 April 2003. Retrieved 10 May 2016.
  6. "News Corp. sells 33 papers to New York investors". New York Business Journal. 2013-09-04. Retrieved 2018-11-26.
  7. "MediaNews Group, Inc. acquires Santa Cruz Sentinel". CNHI. February 2, 2007. Archived from the original on 2014-05-27. Retrieved May 26, 2014.
  8. 1 2 "Community Newspaper Holdings moving headquarters to Montgomery". Burmingham Business Journal. February 4, 2011. Retrieved May 26, 2014.
  9. "Find n Save Announces Additional Investment by Four More Major Media and Publishing Companies; Launch of 125th Affiliate". MarketWatch. Retrieved 22 May 2012.
  10. Eggerton, John (2017-09-25). "Raycom Buying CHNI Newspapers". Broadcasting & Cable. Retrieved 2018-11-26.
  11. West, Ty (2017-09-25). "Two Alabama media giants to join forces". Birmingham Business Journal. Retrieved 2017-09-27.
  12. Miller, Mark K. (2017-09-25). "Raycom Sees Synergies In Newspapers Buy". TVNewsCheck. Retrieved 2017-09-27.
  13. "CNHI Publishing Company Forms Regional Editor System". U.S. News & World Report. Associated Press. 26 January 2018.
  14. "CNHI explores sale of newspaper company". Montgomery Herald. 2018-07-02. Retrieved 2018-11-26.
  15. "GRAY AND RAYCOM TO COMBINE IN A $3.6 BILLION TRANSACTION" (PDF).
  16. "CNHI explores sale of newspaper company". Daily Journal. 2019-01-03. Retrieved 2019-01-03.[ permanent dead link ]
  17. "Carpenter Media Group to acquire 10 titles and print facility from CNHI". Editor & Publisher. 2024-05-23. Retrieved 2024-05-23.
  18. 1 2 Audit Bureau of Circulation "eCirc" data for six months ending September 30, 2006. Accessed December 10, 2006. Figures are approximate.
  19. 1 2 3 4 5 6 7 8 9 10 CNHI-CAN Circulation Archived 2016-02-17 at the Wayback Machine , figures for an undetermined date, accessed January 17, 2007. Figures are approximate.

Further reading