CherryRoad Media Acquires Texas and Oklahoma Newspapers
Press release | Dirks, Van Essen & April
CherryRoad Media, Inc. announced the acquisition of a newspaper group in Texas and Oklahoma from Gannett Co., Inc.
Texas newspapers include the (Sherman) Herald Democrat, Waxahachie Daily Light, Stephenville Empire-Tribune, Brownwood Bulletin, Alice Echo-News Journal, Van Alstyne Leader, Anna-Melissa Tribune, Prosper Press, Grayson County Shopper, Midlothian Mirror, Runnels County Register, Glen Rose Reporter, Cross Timbers Trading Post and Shop Local. Oklahoma newspapers include the Daily Ardmoreite in Ardmore, the Shawnee News-Star, and Bryan County News.
Dirks, Van Essen & April, a Santa Fe, New Mexico-based media merger and acquisition firm, represented Gannett in the transaction. Terms were not disclosed. The sale is expected to close on February 1.
“We are thrilled to be part of these vibrant communities following this acquisition,” said Jeremy Gulban, CEO of CherryRoad. “These are two new states for us. These newspapers, and the people they serve, are a perfect fit with our efforts as we continue to engage with local communities across the country. I want to thank Gannett for working with us to transition these community newspapers into a new home.
With this acquisition, CherryRoad Media will publish newspapers in 10 states. He acquired more than three dozen newspapers in Arkansas, Alabama, Colorado, Iowa, Kansas, Minnesota, Missouri and Nebraska in a series of deals last year. The company acquired its first newspaper in November 2020 – the Cook County News Herald in Grand Marais, Minnesota.
CherryRoad Media is a wholly owned subsidiary of CherryRoad Technologies, a Parsippany, New Jersey-based technology company in business since 1983.