Thursday, August 31, 2023

Republican Herald's Newspaper Group Sold to Colorado-Based MediaNews

In a significant industry move that impacts Schuylkill County's largest published newspaper, Times-Shamrock Communications has officially announced the sale of its newspaper group to Colorado-based, MediaNews Group, a deal set to take effect this Thursday. 

According to a news story published by the Republican Herald, CEO Jim Lewandowski disclosed this decision during an all-staff meeting held on the Zoom platform.

The sale encompasses the entirety of Times-Shamrock Communication's newspaper portfolio, encompassing four prominent daily publications: The Times-Tribune, The Citizens' Voice, the Republican Herald, and the Standard-Speaker. 

Additionally, the deal includes the transfer of ownership for the company's array of weekly and periodic newspapers, as well as its commercial printing operations, Absolute Distribution Inc., and Times-Shamrock Creative Services.

However, it is noteworthy that the transaction will not encompass Times-Shamrock's radio or billboard operations, nor will it involve the prestigious Scranton Times Building.

MediaNews Group is owned by the hedge fund Alden Global Capital.

The story is still developing with more information to be released later.