Wednesday, August 17, 2011

Morning Brief: Gannett says it will print its Cinncinati and Kentucky papers in smaller format through the Columbus Dispatch; NPG Newspapers shutters Johnson County Sun

Late yesterday afternoon Gannett let it be known that they had signed a letter of intent with the independently owned The Columbus Dispatch to print two of Gannett's daily newspapers, The Cincinnati Enquirer and The Kentucky Enquirer, in a smaller format.
"As a result of research we've done and the feedback we've received from readers and advertisers, we have signed a letter of intent with The Columbus Dispatch to print The Enquirer in a new compact format that would be brighter, more engaging and easier to read," said Margaret Buchanan, president and publisher of The Cincinnati Enquirer.

The two newspapers would be resized to 10 1/2 inches by 14 1/2 inches – almost tablet sized, you might say.

The Columbus Dispatch, owned by the Wolfe family, has also signed an agreement with Pressline Services Inc. to produce the new compact format for the Dispatch, as well, using a press system called 3V(R) developed by the newspaper services company.

News-Press & Gazette Company (NPG Newspapers) last night announced that it would shutdown The Johnson County Sun which serves the suburban Kansas City area from Overland Park, Kansas. Lee Sawyer, executive vice president and coo NPG Newspapers made the announcement Tuesday afternoon.
Twenty Sun employees will lose their jobs in the move. NPG Newspapers, out of St. Joseph, Missouri, also publishes the Atchison Daily Globe, Hiawatha World, Louisburg Herald, Osawatomie Graphic, Miami County Republic, and Kansas City Nursing News in Kansas, as well as the Kearney Courier, Liberty Tribune, Smithville Herald, St. Joseph News-Press, Green Acres Publication, and Daily Star Journal in Missouri.

The BBC magazine sell off has reached a conclusion as they have agreed to sell its 33 titles for £121 million to the private equity firm Exponent.

The deal involves multiple ways the Beeb has divested its magazine properties. For instance, Radio Times and ten other magazines will be sold outright to Exponent, while the BBC branded titles such as Gardeners' World and BBC Wildlife will be licensed to the PE firm. Four other titles, including Top Gear and Good Food, will be retained by the BBC, but will be published by Exponent under a contract publishing agreement.

“The consumer magazines market faces a number of challenges, and this transaction brings a focus and degree of investment that BBC Worldwide alone is unable to provide,” John Smith, chief executive of BBC Worldwide, said in the announcement of the deal.