Tuesday, May 8, 2018

Pueblo Chieftain to be bought by GateHouse, largest newspaper owner in nation

Posted By on Tue, May 8, 2018 at 4:31 PM

click to enlarge FILE PHOTO
  • File photo
The Pueblo Chieftain will be purchased by GateHouse Media, ending the long-time ownership by the Rawlings family.

Earlier today, NPR aired a segment about GateHouse's track record elsewhere in the country. Here's the intro to that report:
Roughly 2,000 newspapers have closed or merged across the United States in the last 15 years - 2,000 - which makes the newspaper buying spree of New York-based hedge fund GateHouse Media all the more surprising. It is now the largest newspaper owner in this country, although some warn that its business model is damaging to journalism.
The long-awaited decision was announced via email by the Chieftain. Click to the next page to read the news release in its entirety.

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